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202 E State St
Olean, NY 14760

Value-Add Office in Vibrant City Near Buffalo · Office Property For Sale

INVESTMENT HIGHLIGHTS

  • Property features a four-story building with a classic brick façade and a Victorian-styled office, offering versatility for many business ventures
  • Reputable law firm has occupied two stories of the building for over 25 years
  • Stable long-term tenancy provides steady positive cash flow.
  • Situated along a prominent thoroughfare connecting to Allegany, New York, and I-86, this asset enjoys excellent exposure in a bustling area.
  • Value-add opportunity to reimagine the vacant space with significant potential for enhancement and diversification of business opportunities.
  • Versatile space is ideal for professional office users, multifamily, financial institutions, & medical practices, catering to diverse business needs.

PROPERTY FACTS

Property Type
Office
Property Subtype
Office/Residential
Building Size
20,814 SF
Building Class
C
Year Built
1917
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
5,204 SF
Building FAR
1.14
Lot Size
0.42 AC

PROPERTY TAXES

  • Listing ID: 29367494

  • Date on Market: 8/25/2023

  • Last Updated:

  • Address: 202 E State St, Olean, NY 14760