$145,000
For more information regarding the value of a property, please contact us for a free consultation.
8,008 SqFt
SOLD DATE : 10/01/2024
Key Details
Sold Price $145,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 8,008 sqft
Price per Sqft $18
MLS Listing ID R1541244
Sold Date 10/01/24
Construction Status Existing
HOA Y/N No
Year Built 1900
Annual Tax Amount $2,758
Lot Size 4,660 Sqft
Acres 0.107
Lot Dimensions 26X173
Property Description
A promising investment opportunity indeed! The fact that all units are currently occupied with long-term tenants is a great sign of stability and potential steady income. The mix of commercial and residential units offers diversification, and the location in downtown Olean with high foot traffic adds to its attractiveness. The updated utilities and renovations should help minimize maintenance costs and attract tenants in the future. The presence of a full basement for storage is another asset, as it adds value to the property. Moreover, being part of the Downtown Revitalization Initiative could bring additional benefits such as grants or incentives for further improvements or development projects in the area, potentially increasing the property's value over time. This is a promising investment opportunity with multiple avenues for growth and stability.
Location
State NY
County Cattaraugus
Area Olean-City-041200
Zoning Commercial
Direction On North Union Street
Interior
Heating Gas, Forced Air
Flooring Carpet, Hardwood, Linoleum, Varies, Vinyl
Fireplace No
Exterior
Utilities Available Sewer Connected, Water Connected
Roof Type Membrane,Rubber
Total Parking Spaces 4
Building
Lot Description Rectangular
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick,Masonry
Construction Status Existing
Schools
Elementary Schools East View Elementary
Middle Schools Olean Middle
High Schools Olean Senior High
School District Olean
Others
Tax ID 041200-094-253-0001-021-000-0000
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Howard Hanna Professionals