CCertihomes
1305 W State Street, Olean, NY 14760

$189,900

0 beds 0 baths 6,680 sqft Built 19180 days on marketActive

About this home

Prime Mixed-Use Commercial Property – 1305 West State Street, Olean, NY Discover the endless potential of this impressive 6, 680 sq. ft. mixed-use property in one of Olean’s most visible and high-traffic locations! Formerly home to Shawley’s Office Equipment, this property offers excellent frontage on West State Street, ensuring maximum exposure for your business or investment. The spacious first-floor retail/showroom space is ready for your vision—perfect for offices, retail, a showroom, or convert to additional apartments for added income potential. The property currently features three existing apartments, giving you flexibility while you plan your ideal use. One of the true highlights is the expansive rear lot with dual driveway access from both North 12th Street and North 13th Street. The lot offers parking for approximately 25 vehicles, making it a rare find in the city and ideal for customers, tenants, or delivery access. With its high-visibility location, generous square footage, and versatile layout, this property offers countless possibilities—whether you’re looking to launch your business, expand your portfolio, or create a dynamic mixed-use development in the heart of Olean.

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
$4,092/mo

Real estate (PITI + HOA + PMI)
$2,071
Principal + interest$1,218
Property tax + insurance$782
PMI / 2nd mortgage$71
Utilities
$4,001
Heating + cooling$1,851
Internet + TV + phone$133
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$133
$4,092/mo TLC
Budget$5,000/mo
Remaining after TLC$908/mo
Purchase price
$189,900
Down payment
$9,495 (5%)
Loan amount
$180,405
APR
7.15%

Quick facts

Type
COM
Style
Year built
1918
Lot size
0.11 ac
Stories
2
Heating
Gas, ForcedAir, Gravity
Cooling
Water
HOA
Annual tax
$3,955
MLS #
R1630580
County
Cattaraugus

At a glance

Basement

Home features

Parking
DrivewayOnSite
Roof
Membrane, Rubber
Sewer
PublicSewer

Lot features

IrregularLot

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 8/13/2025. Provided courtesy of Real Estate Pros & More via Buffalo MLS. Information deemed reliable but not guaranteed.