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1621 Washington St 4,968 SF Retail Building Olean, NY 14760 $251,126 CAD ($50.55 CAD/SF)

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EXECUTIVE SUMMARY

Unlock the possibilities with this spacious commercial building just under 5,000 sq. ft., perfectly positioned parallel to West State Street and just a short drive to Allegany. Nestled near a well-established residential area, this property offers prime visibility and easy accessibility for a variety of business ventures. A standout feature is the 12-foot garage door, providing excellent access to the expansive open warehouse-style space in the front unit—ideal for storage, a workshop, or creative commercial use. The front unit is currently leased for $1,650/month until October, with the tenant open to extending, offering immediate income potential for an investor or owner-occupier. The back unit also has a large warehouse-style space, that could be anything. Currently it is being used as storage, but could be great shop space or potential for another tenant. For added convenience, the building includes two built-out offices and two bathrooms (one per unit), making it functional for a variety of business needs. With its strategic location, flexible layout, and endless potential, this property is a fantastic opportunity for investors or business owners looking for space, convenience, and income. Virtual tour available – explore the possibilities today! Contact us for more details or a private showing.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,968 SF
Building Class
C
Year Built
1920
Price
$251,126 CAD
Price Per SF
$50.55 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.39 AC
Opportunity Zone
Yes
Zoning
COM 1 - Commercial
Parking
21 Spaces (4.23 Spaces per 1,000 SF Leased)
Frontage
125’ on Washington St

NEARBY MAJOR RETAILERS

The YMCA
Tops Friendly Markets
Perkins
Friendly's Ice Cream Shop
Rent-A-Center
Anytime Fitness
Community Bank
Woodforest National Bank
Applebee's
Tim Hortons

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
041200-094-063-0005-003-000-0000
Land Assessment
$14,524 CAD
Improvements Assessment
$84,043 CAD
Total Assessment
$98,567 CAD
  • Listing ID: 34790980

  • Date on Market: 2025-02-11

  • Last Updated:

  • Address: 1621 Washington St, Olean, NY 14760

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