- 1,320
- sqft
- 1910
- year built
- Status:
- Active
- MLS #:
- R1728963
- County:
- Cattaraugus
- Listed By:
- Claudia Attard-Keary - EXP-Premier Listings Team
- Agent Phone:
- (716) 307-8894
- Agent Email:
- claudia_attard@yahoo.com
Sponsoring Broker: Derek Eisenberg, Continental Real Estate Group, Inc
INVESTORS & ENTREPRENEURS—OPPORTUNITY IS KNOCKING! Discover the possibilities with this versatile 3-building mixed-use property, situated on .29 acres along a high-traffic corridor in the City of Olean! Presently zoned Industrial, this unique property offers an excellent combination of residential, commercial, and business potential! The front building features a flexible first-floor space that could serve as a professional office, business headquarters, or potential efficiency apartment, while the second floor boasts a finished, move-in-ready 2-bedroom apartment—perfect for generating rental income! Behind the main building is an additional commercial building, currently operating as a small engine repair business. One side features a reception area, office, and storefront space, while the other offers an expansive garage/workshop with a second floor for additional storage or workspace! With over 10 parking spaces, a pole sign for excellent business visibility, and a fenced-in green area, this property has so much to offer! Whether you're looking to establish your own business, expand an existing operation, or invest in a property with multiple potential income streams, the possibilities are exciting! Affordably priced and ready for its next chapter—bring your vision and MAKE US AN OFFER! All proposed uses are subject to applicable zoning and municipal approvals.
Highlights
- Commercial Sale
- Business
- Built in 1910
- 0.2899 Acre Lot
- 1 day on Market
-
- Year Built
- 1910
-
- Stories
- 2.0
-
- Construction Materials
- Blown-In Insulation
-
- Parking Features
- On Site
-
- Living Area
- 1320.0
-
- Heating
- Wall Furnace, Forced Air, Natural Gas, Baseboard
-
- Acres
- 0.2899
-
- Lot Features
- Rectangular Lot
-
- Utilities
- Water Available, Sewer Connected
-
- Area
- Olean-City-041200
-
- County
- Cattaraugus
-
- City
- Olean
-
- Zip Code
- 14760
-
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Estimated Value
$148,020
Estimated Sales Price Range:
$137,658 - $158,381
Source: Constellation Data Labs
Price History
| 11/13/2026 | Listed | $165,000 |
| Source: Upstate New York Real Estate Information Services (UNYREIS) #R1728963 | ||
| 05/06/2026 | Off Market | — |
| Source: Western New York Real Estate Information Services (WNYREIS) #B1678469 | ||
| 04/18/2025 | Off Market | — |
| Source: Upstate New York Real Estate Information Services (UNYREIS) #R1599179 | ||
| 04/18/2025 | Off Market | — |
| Source: Upstate New York Real Estate Information Services (UNYREIS) #R1599248 | ||
Source: MLS Data
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Similar Listings
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There are currently 97 properties available in Olean, with 1 under contract to close soon. Properties in the city have an average sale price of $127,861 and typically spend 150 days on the market before being sold.
Want to compare this property to others available for sale in the area? Use our search to find exactly what you want among our 2,000,000+ listings and to see incredible photos to show you what is possible.
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Source: ez Home Search, MLS Data
Frequently Asked Questions
How do I schedule a tour of 1507 E State St?
We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 1507 E State St.
They know commercial sales in the area well and can give you the guidance you need to buy with confidence.
How do I get more information about 1507 E State St?
Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $165,000. We can talk through recent upgrades, potential seller motivation, how this business compares to others in Olean, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 1507 E State St?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 1507 E State St at around $1,187. This includes estimated property taxes and insurance.
Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.
How do I get pre-approved to buy 1507 E State St?
Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.
Or, let us connect you with our preferred local lender in Cattaraugus County. They will give you all of your available financing options, based on your specific situation and what is available to you.
Can I negotiate the asking price for 1507 E State St?
In most cases, yes. Whether 1507 E State St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Olean's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 1507 E State St?
We can handle that for you. Our preferred local agent specializes in commercial sales in Olean and can guide you through every step of the offer process.
You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
What is the price per square foot for this home?
This home is listed at $165,000 with 1,320 sqft of space—that comes out to approximately $125 per square foot.
How long has this property been on the market?
1507 E State St was listed on November 13, 2026, which means it's been on the market for 1 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1910, making it approximately 116 years old.
What is the lot size of this property?
1507 E State St sits on a 0.29-acre lot, which is 12,632 square feet.
What are the property taxes for 1507 E State St?
The most recent public record shows annual property taxes for 1507 E State St were approximately $2,982. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.
Is 1507 E State St still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, Upstate New York Real Estate Information Services (UNYREIS). All rights reserved.
Last Updated: November 14, 2026 at 07:33PM | Source: Upstate New York Real Estate Information Services (UNYREIS) | MLS#: R1728963