See Home Value
Weston Mills 14760
1618-1620 Route 417
$225,000
● Commercial - Off Market

1618-1620 Route 417

Olean, NY 14760
bedrooms
Studio
bathrooms
0 Bath
square feet
3,000 Ft²
$1,403
Est. Monthly
17.81%
Cap Rate

About This Property

Unique Mixed-Use Property – Residential & Commercial Space on One Parcel!

Endless potential awaits with this versatile mixed-use property featuring both a comfortable residence and an established commercial building - all on one parcel!

The residential home is a well-maintained ranch-style house offering 2 bedrooms, 1 full bathroom, a spacious kitchen, cozy living room, and a back deck perfect for relaxing. The home also includes a 2-car garage and a fully fenced backyard, ideal for privacy, pets, or entertaining.

Adjacent to the home is a commercial building currently operating as an automotive shop. This structure includes a retail storefront and 7 service bays, offering ample space for a variety of business uses. Behind the building, you'll find a large fenced-in lot suitable for storage, overflow parking, or future expansion.

Whether you're an investor looking for a strong income property, a business owner seeking live/work flexibility, or someone ready to launch a new venture, this property checks all the boxes.
Unit Size
3,000 Ft²
Days on Market
286 days
Land Size
0.99 acres
Price per sqft
$75
Property Type
Commercial
Property Taxes
$298
HOA Dues
-
Year Built
-

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Last updated: 9 months ago (NYSAMLS #R1601778)

Price History

Date / Event Date Event Price
Feb 3, 2026 Sold
Sold
Sep 4, 2025 In contract -
In contract
Jun 7, 2025 Price Decreased $225,000
↓ $20K (8.2%)
Price Decreased
Apr 23, 2025 Listed by Howard Hanna Professionals - Olean $245,000
Listed by Howard Hanna Professionals - Olean

Property Highlights

Garage
Interior Details
Rooms: 5
Basement: Full
Exterior Details
Square Footage: 3000
Property Condition: Resale
Year Built: 1940
Building Area Total: 3000
Levels: One
Lot Features: Rectangular Lot, Rectangular
Lot Size Area: 0.991
Lot Size Units: Acres
Lot Size Acres: 0.991
Lot Size Square Feet: 43168
Lot Size Dimensions: 152X284
Tax Lot: 57
Water Source: Public
Financial Details
Tax Assessed Value: $55,500
Tax Annual Amount: $3,577
Utilities Details
Heating Type: Natural Gas, Forced Air
Sewer : Septic Tank

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20250423
04/23/2025
Loft
-
3000 ft²
$245,000
bedrooms
Loft
bathrooms
-
square feet
3000 ft²
$225,000 -8.16%
02/03/2026
Regis Handley
Howard Hanna Professionals

Building Info

1618 State Rte 417 1618 State Rte 417, Olean, NY 14760
More about this Building
1618 State Rte 417
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About Weston Mills


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