$200,000
$50K PRICE DROP

208 Main St Olean, NY 14760

Estimated payment $1,558/month

Total Views 56,533
2 Beds
2 Baths
3,053 Sq Ft
$66 Price per Sq Ft

Highlights

  • Wood Flooring
  • Central Air
  • Heating System Uses Gas
  • Corner Lot

About This Home

This Prime 3000+ sqft Mixed Use Property located on a corner parcel offers endless potential. The property features 25+ parking spaces and separate entrances for both units. The first floor of this property had been used previously as a salon and has now been turned into a freshly painted blank canvas. The second floor of the property is a two bedroom one bath apartment with a separate entrance. Who wouldn't love a property that also features updated electric, new flooring, siding and doors? This Mixed Use Commercial Zoned Property is primed for any venture you could imagine. With a full rent roll, this property could produce $3,500-$4,000 in monthly rent. With high visibility, this property is ideal for an investor looking to complement their portfolio with a well maintained mixed use property. Own a business? Why not live above your office and experience the quickest commute possible? Let the upstairs apartment offset the cost of your business location!! The possibilities are endless.Cross Posted from Original Listing -B1593250. First Floor has been turned into a blank canvas but could be turned into an additional apartment easily still conforming use per zoning. Zoning GC allows for too many business types to list. Some of the Permitted principal uses: Adult care facilities. Antique and craft shops. Art galleries. Banks and financial institutions. Barber and beauty shops. Day care centers. Dry cleaning businesses. Dwelling units above first floor businesses. Garage service and repair uses. Gasoline filling stations. Gasoline/grocery service marts. General business office uses. Medical clinics. Multi-family dwellings. Nursery schools. Nursing and convalescent homes. Self-service laundries. Senior citizen housing. Theaters. Vehicle sales and/or repair uses. Veterinary hospitals. Wholesale and retail distribution centers including offices and showrooms.

Listing Agent

Alicia Wittman

Listing by WNY Metro Roberts Realty Brokerage Phone: 716-239-9001 License #10301219240 Listed on: 04/04/2025

WNY Metro Roberts Realty

Co-Listing Agent

Hayleigh Federowicz

Listing by WNY Metro Roberts Realty Brokerage Phone: 716-239-9001 License #10401380910

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,436

Year Built

  • Built in 1900

Lot Details

  • 9,460 Sq Ft Lot
  • Lot Dimensions are 86x110
  • Corner Lot
  • Rectangular Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 3,053 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • Gravel Driveway
  • Paved Parking

Utilities

  • Central Air
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 2 Units
  • 2 Separate Gas Meters

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 041200-094-057-0003-004-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,436

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Common Area Maintenance, Snow Removal, Trash Collection, Water
  • Year Built: 1900
  • Attribution Contact: 716-239-9001
  • Lot Features: Corner Lot, Rectangular, Rectangular Lot
  • Co List Office Mls Id: METR61
  • Co List Office Phone: 716-559-9972
  • Flooring: Ceramic Tile, Hardwood, Laminate, Varies, Vinyl
  • Year Built Details: Existing
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Stories: 3
  • Stories: 3

Exterior Features

  • Acres: 0.2172
  • Waterfront: No
  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: Gravel, Paved

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Olean

Lot Info

  • Parcel Number: 041200-094-057-0003-004-000-0000
  • Lot Dimensions: 86X110
  • Lot Size Sq Ft: 9460.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 5436.0
  • Tax Lot: 4

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,926 $104,000 $15,900 $88,100
2023 $3,915 $104,000 $15,900 $88,100
2022 $3,972 $104,000 $15,900 $88,100
2021 $4,087 $104,000 $15,900 $88,100
2020 $7,101 $104,000 $15,900 $88,100
2019 $1,561 $104,000 $15,900 $88,100
2018 $10,279 $104,000 $15,900 $88,100
2017 $8,904 $104,000 $15,900 $88,100
2016 $8,819 $104,000 $15,900 $88,100
2015 -- $104,000 $15,900 $88,100
2014 -- $104,000 $15,900 $88,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2025 06/02/25 Price Changed $200,000 -16.6% $66 / Sq Ft
05/19/2025 05/19/25 Price Changed $239,900 -4.0% $79 / Sq Ft
04/04/2025 04/04/25 For Sale $249,900 -- $82 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

Purchase History

Date Type Sale Price Title Company
Deed -- None Available
Deed -- None Available
Deed $126,000 Nicholas Dicerbo
Deed $165,000 Daniel Palumbo
Deed $144,000 Gregory E. Shemeld
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $44,200 Commercial
Previous Owner $44,200 Commercial
Previous Owner $100,800 Commercial
Previous Owner $158,898 Commercial
Previous Owner $115,200 Commercial
Source: Public Records

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Source: Western New York Real Estate Information Services (WNYREIS)

MLS Number: B1597573

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-057-0003-004-000-0000