115 N Union Street Olean City, NY 14760
A promising investment opportunity indeed! The fact that all units are currently occupied with long-term tenants is a great sign of stability and potential steady income. The mix of commercial and residential units offers diversification, and the location in downtown Olean with high foot traffic adds to its attractiveness. The updated utilities and renovations should help minimize maintenance costs and attract tenants in the future. The presence of a full basement for storage is another asset, as it adds value to the property. Moreover, being part of the Downtown Revitalization Initiative could bring additional benefits such as grants or incentives for further improvements or development projects in the area, potentially increasing the property's value over time. This is a promising investment opportunity with multiple avenues for growth and stability.
- Property TypeCommercial
- NeighborhoodN/A
- CountyCattaraugus
- Taxes$2,758
- HOA/Condo/Coop Fees$0
- Days on Site19 Days
- MLS StatusActive
- MLS ID NumberR1541244
- Home Size Source N/A
- Year Built1900
- Lot Size0.107 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Brick
- Parking Surfaced
- Parking Spaces 4
- Sewer Public Sewer
- Number of Stories 222
- Acreage 0.107
- Water Public
- Zoning Commercial
- Cross Street West State Street
- Utilities Sewer ConnectedWater Connected
- Listing Conditions Standard
Interior Features
- Heating GasForced Air
- Flooring CarpetHardwoodLinoleumVariesVinyl
- Fireplaces 0
- Fireplace No
Exterior Features
- Roof MembraneRubber
- Waterfront Property No
- Lot Rectangular
Community Features
- Township Not Applicable
- MLS Area Olean-City-041200