1606 West State Street, Olean, NY 14760
lease
$749,900
|
Other
Courtesy Of Howard Hanna Holt Real Estate
Great potential in this large mixed-use building. With 6,000 square feet of commercial space that is very open on the first floor, the possibilities are endless for the commercial space. In the upstairs, you will find 4 apartments, two of which are almost complete and the other two have roughed in electrical and are awaiting the finishing work. Future potential rental income projects to about $4,800 per month gross or $57,600 per year ($1,200 per month per apartment). The commercial space is projected at $72,000 per year or $6,000 per month. Total yearly revenue could be $129,600 at full occupancy. The exterior has been refinished and is awaiting an investor with ambition! Video walkthrough can be found at: https://youtu.be/fEwJ7GKso0s
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Virtual Tour
Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 4
- Floor Covering: Wood
- Floors: 2.0
- Heating Fuel: Electric
- Heating Fuel: Natural Gas
- Heating System: Baseboard
- Heating System: Forced Air
- Heating System: Space Heater
- MLSID: R1404001
- Number of Rooms: 7
- Parking Spaces: 20
- Roof Type: Membrane
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