CCertihomes
1618 Route 417, Olean, NY 14760

$225,000

0 beds 0 baths 3,000 sqft Built 194076 days on marketActive

About this home

Unique Mixed-Use Property – Residential & Commercial Space on One Parcel! Endless potential awaits with this versatile mixed-use property featuring both a comfortable residence and an established commercial building — all on one parcel! The residential home is a well-maintained ranch-style house offering 2 bedrooms, 1 full bathroom, a spacious kitchen, cozy living room, and a back deck perfect for relaxing. The home also includes a 2-car garage and a fully fenced backyard, ideal for privacy, pets, or entertaining. Adjacent to the home is a commercial building currently operating as an automotive shop. This structure includes a retail storefront and 7 service bays, offering ample space for a variety of business uses. Behind the building, you'll find a large fenced-in lot suitable for storage, overflow parking, or future expansion. Whether you're an investor looking for a strong income property, a business owner seeking live/work flexibility, or someone ready to launch a new venture, this property checks all the boxes.

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
$3,176/mo

Real estate (PITI + HOA + PMI)
$2,153
Principal + interest$1,444
Property tax + insurance$625
PMI / 2nd mortgage$84
Utilities
$2,031
Heating + cooling$866
Internet + TV + phone$133
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$133
$3,176/mo TLC
Budget$5,000/mo
Remaining after TLC$1,824/mo
Purchase price
$225,000
Down payment
$11,250 (5%)
Loan amount
$213,750
APR
7.15%

Quick facts

Type
Business
Style
Year built
1940
Lot size
0.991 ac
Stories
1
Heating
Gas, ForcedAir
Cooling
Water
Public
HOA
Annual tax
$3,577
MLS #
R1601778
County
Cattaraugus

At a glance

Basement

Home features

Roof
Asphalt
Sewer
SepticTank

Lot features

Rectangular, RectangularLot

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 4/23/2025. Provided courtesy of Howard Hanna Professionals - Olean via Buffalo MLS. Information deemed reliable but not guaranteed.