CCertihomes
1507 E State Street, Olean-City, NY 14760

$149,900

1 beds 1 baths 1,320 sqft Built 19100 days on marketActive

About this home

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

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.15% APR.

Your estimated payment
$2,023/mo

Real estate (PITI + HOA + PMI)
$1,439
Principal + interest$962
Property tax + insurance$421
PMI / 2nd mortgage$56
Utilities
$1,097
Heating + cooling$399
Internet + TV + phone$133
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$133
$2,023/mo TLC
Budget$5,000/mo
Remaining after TLC$2,977/mo
Purchase price
$149,900
Down payment
$7,495 (5%)
Loan amount
$142,405
APR
7.15%

Quick facts

Type
MixedUse
Style
Year built
1910
Lot size
0.2899 ac
Stories
2
Heating
Gas, Baseboard, HotWater
Cooling
Water
Connected, Public
HOA
Annual tax
$2,783
MLS #
R1599248
County
Cattaraugus

At a glance

Basement
Garage (5)

Home features

Appliances
GasWaterHeater
Interior
CeilingFans
Exterior
FullyFenced
Parking
GarageGravelParkingAvailableTwoOrMoreSpaces
Flooring
Carpet, Laminate, Varies, Vinyl
Roof
Asphalt, Shingle
Sewer
Connected

Lot features

CornerLot, IrregularLot, NearPublicTransit

Neighborhood — 14760

MetricThis ZIPCountyUSA
Population18,73219,351,094299,088,112
Population Change Since1990-14.00%8.00%20.00%
Population Density294395
Male8,8619,381,926147,432,321
Female9,8719,969,168151,655,844
Never Married4,4284,946,39163,775,926
Married7,2587,166,701123,120,365
Separated1,0261,159,67312,639,686
Widowed1,3671,110,24515,467,586
Divorced1,4651,210,44823,075,029
Number Of House Hold7,0997,102,016111,826,380
Average House Hold Size2.442.642.60
Medial Age37.0536.5335.46
Median House Hold Income$35,386$49,847$48,276
Average House Hold Income$46,879$70,032$63,629
P C I$18,889$26,569$24,529
M D I$31,259$42,210$41,133
A T H E$41,723$54,185$50,898
S T R8.00%4.00%
W C J84.88%81.55%77.74%
(Zip) Code
14760

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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Listing information last refreshed 4/18/2025. Provided courtesy of Metro Kirsch Real Estate, Inc. via Buffalo MLS. Information deemed reliable but not guaranteed.