Property Description

Positioned in a prime commercial location along the highly traveled Route 417 Corridor in the City of Olean, this versatile corner-lot property offers outstanding visibility, income potential, and endless possibilities for investors, business owners, or owner-occupants alike. The property features a duplex with a detached 2-car garage and includes an additional bonus vacant lot measuring 80 x 88, providing extra parking, expansion opportunities, or future development potential. The front apartment, currently rented for $750 per month, would make an ideal office space for a small business or professional seeking a convenient location with ample parking and easy access. The spacious rear apartment, currently rented for $1,750 per month with tenants vacating at the end of June, offers a unique two-story layout featuring an open-concept kitchen and dining area with island, first-floor laundry, sliding glass doors leading to a deck and backyard, and a comfortable living room with fireplace. Upstairs you'll find two bedrooms and a full bath, creating an inviting residential space perfect for owner occupancy or continued rental income. Conveniently located within walking distance to medical facilities, grocery stores, churches, major retail shopping, and just one block from the Olean trail system, this property truly combines location, flexibility, and opportunity all in one. The building has been well-maintained and has a 4yr old roof on house & garage, driveway. Come check this out and make your dreams come true!!!

Property Features

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