Imagine what can be done with this multi-use property! This property has gone through many changes and its history of multi-uses includes single family dwelling, apartments, office space and an abundance of small business opportunities. Currently, the property is used as a small engine sales, service and repair shop, with the house including a one bedroom apartment, and first floor office space (currently under construction which has been halted for new owner to decide direction of its use and potential). The full basement has its own entrance and was used as storage space. There is an abundance of parking for the shop, retail spaces and tenants. There is over 1600 square feet of usable ground floor space for your business, or hobbies and interests. The 1200 square foot barn with additional 1200 square feet of second floor space, has seen many uses such as a produce market, classic auto repair garage, its current use and more. Nearby businesses include coffee shops, restaurants, small grocery, landscaping, auto and recreational dealerships... The property is located between downtown Olean and Portville, NY near Westons Mills on on East State Street (Route 417 known as one of the states longest highways) which is historically significant as a major thoroughfare and hub for the oil and lumber industry, this street is still regarded as one of the most traveled roads in region, it remains vibrant and makes this property visible and ultimately accessible. The property with house and buildings is being sold as-is, with any equipment, products, parts/accessories and other business related materials being removed or sold separately.
Also being sold as Commercial/Industrial Listing MLS# R1599179
For sale
$149,900
1507 E State St, Olean, NY 14760
1beds
1,320sqft
Mixed Use
Built in 1910
0.29 Acres Lot
$-- Zestimate®
$114/sqft
$-- HOA
What's special
- 7 days
- on Zillow |
- 421 |
- 10 |
Zillow last checked: 7 hours ago
Listing updated: April 18, 2025 at 07:53am
Listing by:
Metro Kirsch Real Estate, Inc. 716-592-0341,
Brett Moog 585-307-2525
Source: NYSAMLSs,MLS#: R1599248
Originating MLS: Chautauqua-Cattaraugus

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Gas, Baseboard, Hot Water
Appliances
- Included: Gas Water Heater
- Laundry: Washer Hookup
Features
- Ceiling Fan(s)
- Flooring: Carpet, Laminate, Varies, Vinyl
- Windows: Thermal Windows
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 1,320
- Total interior livable area: 1,320 sqft
Property
Parking
- Total spaces: 5
- Parking features: Garage, Gravel, Parking Available, Two or More Spaces
- Garage spaces: 5
Accessibility
- Accessibility features: Other
Features
- Levels: Two
- Stories: 2
- Exterior features: Fully Fenced
- Fencing: Full
Lot
- Size: 0.29 Acres
- Dimensions: 97 x 130
- Features: Corner Lot, Irregular Lot, Near Public Transit
Details
- Parcel number: 04120009407500040120020000
- Zoning description: Industrial
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Mixed Use
Materials
- Aluminum Siding, Attic/Crawl Hatchway(s) Insulated, Blown-In Insulation, Brick, Block, Concrete, Vinyl Siding, Wood Siding, Copper Plumbing
- Foundation: Block
- Roof: Asphalt,Shingle
Condition
- Resale
- Year built: 1910
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Cable Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
Community & HOA
Location
- Region: Olean
Financial & listing details
- Price per square foot: $114/sqft
- Tax assessed value: $50,500
- Annual tax amount: $2,783
- Date on market: 4/18/2025
- Listing terms: Cash,Conventional
- Loading
- Loading