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Cattaraugus 14760
2423 N Nys Rte 16
$189,900
● Commercial - For Sale

2423 N Nys Rte 16

Olean, NY 14760
bedrooms
Studio
bathrooms
0 Bath
square feet
2,583 Ft²
$1,302
Est. Monthly

About This Property

Opportunity awaits with this versatile mixed-use property located just outside the City of Olean along NYS Route 16. Offering commercial space on the first floor and a spacious residential apartment occupying the entire second floor, this property provides an excellent opportunity for an investor, business owner, or owner-occupant looking for a flexible live/work setup.

The first floor features a storefront-style commercial space with convenient on-site parking and plenty of possibilities. The space could accommodate a variety of uses, including retail, a workshop, studio, office, showroom, service-based business, or other commercial venture. The Route 16 location provides convenient access to Olean and surrounding communities while offering valuable visibility and accessibility for customers and clients.

Occupying the entire second floor is a spacious 4-bedroom, 2-bathroom apartment, creating the potential for additional rental income or an ideal opportunity to live above your own business. With four bedrooms and two full bathrooms, the residential portion offers considerably more space than you typically find in a mixed-use property and adds another level of versatility for a future owner.

The two-story building was originally constructed in 1960 and sits on a generous 180' x 180' lot, providing plenty of room for parking and outdoor space. The property is serviced by a private well and septic system with gas and electric utilities.

Whether you're looking to establish or expand a business, add a mixed-use investment to your portfolio, or create a convenient live/work arrangement, 2423 NYS Route 16 N offers a unique combination of commercial and residential space with plenty of potential. Bring your ideas and make this property work for you!
Unit Size
2,583 Ft²
Days on Market
79 days
Land Size
0.74 acres
Price per sqft
$74
Property Type
Commercial
Property Taxes
$369
HOA Dues
-
Year Built
-

Listed By

Regis Handley
Regis Handley
Howard Hanna Professionals

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Last updated: 3 months ago (NYSAMLS #R1707403)

Price History

Date / Event Date Event Price
Aug 15, 2026 Listed by Howard Hanna Professionals - Olean $189,900
Listed by Howard Hanna Professionals - Olean
Jun 9, 1997 Sold
Sold

Property Highlights

Parking Details
Parking Features: On Site
Interior Details
Flooring Type: Carpet, Concrete, Linoleum, Vinyl
Exterior Details
Square Footage: 2583
Property Condition: Resale
Year Built: 1960
Building Area Total: 2583
Levels: Two
Construction Materials: Block, Fiber Cement, Concrete
Lot Features: Rectangular Lot, Rectangular
Lot Size Area: 0.7438
Lot Size Units: Acres
Lot Size Acres: 0.7438
Lot Size Square Feet: 32400
Lot Size Dimensions: 180X180
Tax Lot: 4
Financial Details
Tax Assessed Value: $70,800
Tax Annual Amount: $4,430
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

Building Info

2423 State Rte 16 2423 State Rte 16, Olean, NY 14760
  • 1 Unit for Sale
More about this Building
2423 State Rte 16
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