202 E State St | Olean, NY 14760
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- LoopNet Team
202 E State St
Olean, NY 14760
Value-Add Office in Vibrant City Near Buffalo · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Property features a four-story building with a classic brick façade and a Victorian-styled office, offering versatility for many business ventures
- Reputable law firm has occupied two stories of the building for over 25 years
- Stable long-term tenancy provides steady positive cash flow.
- Situated along a prominent thoroughfare connecting to Allegany, New York, and I-86, this asset enjoys excellent exposure in a bustling area.
- Value-add opportunity to reimagine the vacant space with significant potential for enhancement and diversification of business opportunities.
- Versatile space is ideal for professional office users, multifamily, financial institutions, & medical practices, catering to diverse business needs.
PROPERTY FACTS
Property Type
Office
Property Subtype
Office/Residential
Building Size
20,814 SF
Building Class
C
Year Built
1917
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
5,204 SF
Building FAR
1.14
Lot Size
0.42 AC
Zoning
RT - Defines mixed-use areas near business districts, allowing multi-family housing and serving as buffers between commercial and residential zones
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $99,100 | |
| Land Assessment | $23,900 | Total Assessment | $123,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$23,900
Improvements Assessment
$99,100
Total Assessment
$123,000
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