commercial
515 West State Street
515 West State Street, Olean, NY 14760
Fully leased investment opportunity
Square Footage 6,200
Price $685,000
Min. Contiguous Space6,200 square feet
Lease TypeNNN
Building Typeretail, industrial
Max. Contiguous Space6,200 square feet
Property Highlights
Stable investment on main thoroughfare
Fully leased to two long-term tenants
Off street parking
Close proximity to St. Bonaventure and Route 16
Redevelopment potential on second floor
Leased Retail Investment Property
This well-positioned commercial building offers substantial, long-term income with added development potential. The first floor is fully leased to two established tenants: Dunn Tire and Western NY Glass & Door. Both storefronts have been recently updated and are consistently well-maintained. A fresh exterior paint job is scheduled for the summer of 2025.
The second floor, currently used for inventory storage by Dunn Tire, features high ceilings, original wood floors, and generous natural light, making it a compelling opportunity for future redevelopment or reconfiguration.
Property Management Services
Our commercial property management team provides reliable, prompt, and professional services.
Property owners can expect:
- Swift Maintenance & Repair: All requests will be handled in a timely manner.
- Preventative Maintenance: Performing proactive maintenance to avoid smaller issues from becoming larger issues.
- Cost Savings Administration: Making operational recommendations for long-term savings.
- Risk Management: Finding the most effective ways to avoid, control, and transfer risks for the property.
Interested in 515 West State Street?
For more information about this property including leasing details, please fill out the below form.
"*" indicates required fields