1909 W State Street, Olean, NY 14760

Property Description

Located at the high-visibility intersection of South 19th and West State Street, this commercial asset offers a rare combination of strategic location, stability, and immediate healthy cash flow. The property is a proven performer, netting just over $71,000 in net income after all expenses last year. Situated in the heart of Olean’s bustling commercial district, the building commands attention with excellent frontage and traffic counts. It is anchored by Head Start, a stable, long-term tenant with a lease secured through 2030. Because of this tenancy, the building has been meticulously maintained to meet rigorous facility standards, ensuring a turnkey investment with minimal deferred maintenance for the new owner. A second tenant occupies a smaller suite, providing diversified income. This offering is uniquely well-parked for the area. In addition to ample paved parking at the rear of the building, the sale includes a separate parcel across the street (Tax Map ID: 94.063-3-44), providing overflow capacity or future development potential.