Courtesy: Real Estate Pros & More
716-372-7100
OLEAN. CENTRALLY LOCATED WITH ABOUT 8120 SQUARE FEET FOR MIXED USE. COMMERCIAL PROPERTY LOCATED IN A RESIDENTIAL ZONING. PROSPECTIVE BUYERS SHOULD CHECK WITH OLEAN CITY CODE ENFORCEMENT FOR SPECIFIC USE. VARIOUS SIZE ROOMS FROM SMALLER OFFICE SPACE TO THE GREAT ROOM. KITCHEN AREA WITH WALK-IN COOLER. PROVIDES NEW OWNER TO USE THE WHOLE BUILDING OR RENT OUT SPACES. OFF STREET PARKING FOR ABOUT 30 SPACES. THIS PROPERTY IS ALSO LISTED AS RENTAL PROPERTY. MLS # R1710971
Courtesy: Howard Hanna Professionals - Olean
716-372-1155
The Parkwood: A Name Olean Already Knows You can build a bar. You can't build a reputation. This one came with the building. The Parkwood has been a fixture on East State Street for years, and it's still going strong with wings and pizza out of the kitchen, live bands on the weekends, and a room that fills up for Bills Sundays as a home base for the Bills Backers of Olean. The regulars, the name, the rhythm of a good Friday night: all of it is already here and already working. That's the piece no amount of renovation money can buy. What sets this property apart is everything around the bar. A huge side deck opens the place up all summer. A large private parking lot plus street parking on top of it means a sold-out show, a fundraiser, or a packed watch party doesn't run into the wall that stops most downtown taverns cold. There's room here for the big night, and room for the crowd to park. Then the investment side. Five residential units convey with the sale: three apartments directly above the bar, plus a separate duplex included in the package. That's six income streams under one closing, with the flexibility to pour the drinks yourself or keep the bar leased and simply collect. The capital worries are handled where it counts. A new roof is going on the bar, and the duplex roof is fairly new, too. Investment highlights 6 income streams: the Parkwood on the main floor plus 5 residential units Established tavern with a real local following — wings, pizza, live music, Bills watch parties Huge side deck built for warm-weather crowds Large private parking lot plus street parking — rare for a bar of this type New roof on the bar this fall; duplex roof fairly new Owner-operate the bar or lease it out and hold a stabilized six-unit property Come see the Parkwood and make it your own.
Courtesy: Century 21 Turner Brokers
716-763-7506
Auto Repair Shop, 1464 square foot building and 1.4 acres of land, which includes the back lot. Large office/reception area, storage area, restroom, and garage with two lifts and two 10' overhead doors/bays gives you all you all the space you need to run an autobody shop. This is a well established shop that has been running for successfully for 23 years. Established customer list can be provided to the right purchaser. Seller will consider owner financing with 40% down and all other terms to be negotiated. Equipment is being sold separately and all is negotiable on a personal property rider. Please ask agent for list of items. Taxes are a combined total with both lots. The back lot goes all the way to the railroad tracks and used to have mobile homes on the lots with well and septic. The mobile homes have been removed but the well and septic remain. There used to be two underground storage tanks and they have been removed. This building is located on a busy route for maximum exposure. There are approximately 40+ parking spaces and an overhead sign. This building could have many other uses as well. Bring your dreams and inspiration to Hinsdale, Town of Olean, NY.
Courtesy: Howard Hanna Professionals - Olean
716-372-1155
Opportunity awaits with this versatile commercial property located directly on W State Street, one of Olean’s main commercial corridors. Offering excellent visibility, convenient access, and more than 24 parking spaces located at the rear of the property, this building provides a unique opportunity for an investor, business owner, or entrepreneur looking for a property with plenty of flexibility and potential. The property is currently tenant occupied and being used as a residence, which is reflected in the listing photos. Upon entering the building, you’ll find an impressive large open room at the front of the property featuring a soaring ceiling that extends to the second floor. An upper-level balcony overlooks this space, creating an open and distinctive layout that could lend itself to a variety of future commercial configurations. The first floor also includes two full bathrooms, a kitchen, and an additional storage/reception area, providing plenty of functional space for a future business operation. The second floor offers another full bathroom along with three additional rooms that could potentially be utilized as offices, meeting rooms, storage, or other workspace depending on the needs of the next owner. With its prominent W State Street location, spacious interior, unique two-story layout, and substantial off-street parking, this property offers many possibilities for its next owner. Bring your ideas and explore the potential this commercial building has to offer. Property is currently tenant occupied. Please allow a minimum of 24 hours’ notice for all showing requests.
Courtesy: Howard Hanna Professionals - Olean
716-372-1155
Opportunity awaits with this versatile mixed-use property located just outside the City of Olean along NYS Route 16. Offering commercial space on the first floor and a spacious residential apartment occupying the entire second floor, this property provides an excellent opportunity for an investor, business owner, or owner-occupant looking for a flexible live/work setup. The first floor features a storefront-style commercial space with convenient on-site parking and plenty of possibilities. The space could accommodate a variety of uses, including retail, a workshop, studio, office, showroom, service-based business, or other commercial venture. The Route 16 location provides convenient access to Olean and surrounding communities while offering valuable visibility and accessibility for customers and clients. Occupying the entire second floor is a spacious 4-bedroom, 2-bathroom apartment, creating the potential for additional rental income or an ideal opportunity to live above your own business. With four bedrooms and two full bathrooms, the residential portion offers considerably more space than you typically find in a mixed-use property and adds another level of versatility for a future owner. The two-story building was originally constructed in 1960 and sits on a generous 180' x 180' lot, providing plenty of room for parking and outdoor space. The property is serviced by a private well and septic system with gas and electric utilities. Whether you're looking to establish or expand a business, add a mixed-use investment to your portfolio, or create a convenient live/work arrangement, 2423 NYS Route 16 N offers a unique combination of commercial and residential space with plenty of potential. Bring your ideas and make this property work for you!
Courtesy: Howard Hanna Professionals - Olean
716-372-1155
Exceptional commercial opportunity featuring two versatile buildings located in a high-visibility, high-traffic area. The main building offers approximately 1,518 square feet and has previously operated as a welding supply store. Inside, you'll find three separate rooms, a half bathroom, and large front display windows that provide excellent natural light and outstanding exposure for customers and passing traffic. The flexible floor plan makes this space ideal for a variety of uses including retail, professional offices, contractor services, specialty shops, showroom space, or numerous other commercial ventures. Located behind the main building is a 1,802 square foot four-bay garage complete with a loading dock, offering exceptional functionality for storage, warehousing, distribution, equipment maintenance, fabrication, light manufacturing, or service-related businesses. The combination of retail frontage and industrial-style workspace creates a unique opportunity for owner-operators, investors, or businesses seeking room to grow. With excellent visibility, ample commercial potential, and a layout that can accommodate a wide range of business types, this property is well-positioned for future success. Whether you're expanding an existing operation, launching a new venture, or seeking an investment property, this versatile commercial offering deserves a closer look.
Courtesy: eXp Realty
888-276-0630
Mixed-use opportunity on E State St in Olean. Property includes a 2-family home and a detached commercial building. Upper apartment is currently rented, providing immediate income. Lower unit offers flexibility for conversion to an additional apartment or office space. Second structure is set up for a small engine repair or similar commercial use. Large parking lot accommodates 10+ vehicles and includes gated access. Suitable for investors or owner-occupants seeking residential income with on-site business potential.
Courtesy: EXP-Premier Listings Team
888-276-0630
Attention investors!!!!! This is the kind of opportunity that doesn’t come around often. This impressive portfolio features 10 buildings with a total of 29 residential units, offering a strong and consistent income stream with potential gross rents approaching $300,000 annually. The unit mix provides built-in stability and flexibility, with a combination of 6-month leases, long-term tenants, and month-to-month occupants, allowing a new owner to optimize rents over time while maintaining immediate cash flow. A comprehensive package of rental riders and documentation is available, making due diligence seamless. The portfolio boasts a low turnover rate, reflecting tenant satisfaction and steady occupancy, while the properties have been well-maintained overall, with select units offering value-add potential through minor updates—an ideal scenario for increasing rents and maximizing return on investment. Conveniently located within the city, these properties are all in close proximity to employment opportunities, schools, churches, and shopping, making them highly desirable to tenants and easy to manage. Whether you’re looking to expand your existing portfolio or step into a high-performing investment, this is your chance to take control, build equity, and truly be your own boss with a scalable, income-producing asset. Rental Riders available for qualified buyers. Addresses include: 326 Tompkins St (6 unit) 112 N. 3rd (2 Unit), 230 N. 8th (4 unit), 537 Queen 2 unit), 1315-1317 Reed (3 unit), 308 S (2 unit), 661 S. Union (2 Unit), 1312 Walnut (2 unit), 602 Washington (2 unit), 710 W Sullivan (4 unit)
Courtesy: EXP-Premier Listings Team
888-276-0630
Unlock the potential in this expansive 3,673 sq ft property—once a residential home, later transformed into a doctor’s office, and now ready for its next chapter. Zoned COM1, this unique building offers incredible flexibility for a variety of commercial or mixed-use opportunities. While it has changed hands over the years, each owner shared the same vision of restoring it to its former glory—yet time ran short. Following a pipe burst during this past winter freeze, the property is in need of renovation, but for the right buyer, this is a rare chance to bring new life to a truly impressive structure. Whether you’re an investor, entrepreneur, or visionary, the possibilities here are abundant. Are you ready to take on the challenge and make it your own?
Courtesy: Howard Hanna Professionals - Olean
716-372-1155
This commercial property is located on a heavily travelled street in West Olean. The first floor offers many opportunities from retail to office space. The property has several rental units for additional income. To the rear of the building, there is an additional lot with sveral parking spaces. It also has access from South 12th Street and South 13th Street. See attached map.
Courtesy: ERA Team VP Real Estate
716-372-2234
Great investment opportunity on highly visible West State Street! This mixed-use commercial/residential property offers 6 total units and approximately 6,100 sq ft of income-producing space. The building features two street-level commercial storefronts (one currently occupied) and four fully rented upper-level apartments totaling 3,060 sq ft, including one 2-bed/1-bath and three 1-bed/1-bath units. Updates include a new roof (2022) and some newer windows. Great opportunity for an owner-operator looking to run a business while generating rental income, or for investors seeking a solid commercial asset in a prime location.
Courtesy: EXP-Premier Listings Team
888-276-0630
JUST REDUCED!!! ACT NOW!!! High-visibility commercial building on Route 417 in the Village of Allegany. This block-and-brick property offers excellent potential for a wide range of businesses with C2 Highway Commercial zoning. The building features a large open shop area with concrete floors, high ceilings, and an overhead bay entry for easy access. At the front, a dedicated office/showroom with large display windows provides street presence and natural light. Amenities include a restroom, utility area, and on-site parking. Recent updates include a new hot water tank and PEX plumbing upgrades, giving peace of mind and reducing future maintenance needs. The lot measures 57 x 125 ft (7,012 sq. ft.), and the location places you just minutes from Olean and St. Bonaventure University. With public utilities and steady traffic along Route 417, this property combines function, visibility, and investment potential. Whether you’re looking for an owner-occupied shop, rental investment, or redevelopment project, 3027 Route 417 is a versatile property ready for your next chapter.
Courtesy: Howard Hanna Professionals - Olean
716-372-1155
Prime commercial property available at the highly visible intersection of S 4th St and W State St in Olean. This 15,000+ square foot building, constructed in 1993, is situated on a 0.57-acre lot in a high-traffic area, making it an ideal location for businesses seeking maximum exposure. The property is in good overall condition, though the air conditioning units may require repair. The building features versatile commercial space suitable for retail, office, or mixed-use purposes, with a spacious rear warehouse area offering high ceilings, a mezzanine level for additional storage, and convenient loading/unloading access. This is an excellent opportunity for investors or businesses to capitalize on the property’s prime location and substantial square footage
Olean is located in New York. Olean, New York has a population of 13,941. Olean is more family-centric than the surrounding county with 32.02% of the households containing married families with children. The county average for households married with children is 27%.
The median household income in Olean, New York is $43,345. The median household income for the surrounding county is $53,537 compared to the national median of $69,021. The median age of people living in Olean is 38.9 years.
The average high temperature in July is 79.5 degrees, with an average low temperature in January of 13.4 degrees. The average rainfall is approximately 42.8 inches per year, with 75.6 inches of snow per year.
