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103 S Barry Street, Olean, NY 14760

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For Sale

$339,900

8,314 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • $40.88
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

Turn-key investment on Olean's well-traveled E State Street offering visibility, access, and reliable cash flow. This four-story freestanding building features recently renovated professional office space with maintained mechanicals and a long-term tenant in place: a reputable law firm occupying two stories for over twelve years, currently leased through 2030 at $4,300/month. The property is performing at nearly an 11.5% cap rate (per seller) and includes approximately four on-site parking spaces; a neighboring parcel with roughly eight additional spaces is also available, but not included in the list price. A former medical clinic is directly connected to the building, creating excellent redevelopment potential and a variety of use paths under flexible zoning-ideal for professional offices, medical practices, banks and financial institutions, or even a future multi-family conversion, all surrounded by restaurants, gas stations, big-box and local retailers, banks, and other amenities. Strong numbers, high-visibility location, and multiple exit strategies make this a compelling addition to any portfolio. Rent roll and financials available upon request.
MLS# R1643516

Courtesy Of Howard Hanna Holt Real Estate

(716) 372-1155

Property Features

  • Age
    Over 50 Years Old
  • Heating System
    Forced Air
  • Lot Size
    0.17 Acres
  • Roof Type
    Asphalt
  • Rooms
    Basement

Map and Directions

Directions to 103 S Barry Street, Olean, NY 14760

Home seller CENTURY 21 North East

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CENTURY 21 North East

(716) 652-0232
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Monthly Payment Breakdown

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.