113-115 Union St, Olean, NY 14760
5,600 SF | 100% Leased | Retail Building | Olean, NY 14760 | $169,900 ($30/SF)
For Sale
Active
Asking Price $169,900
- Property Type
-
Retail
- Square Feet
- 5,600 SF
- Price / Square Foot
- $30
Listing Contacts
Paul Pezzimenti
Property Overview
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 Details
- Class
- B
- Year Built
- 1900
- Stories
- 2
- Lot Size (sq. ft)
- 4,792 SF
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