2,583 sqft$74/sqft
2423 N Nys Rte, Olean, NY 14760
Est: $1,334/moGet pre-approved

Description

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...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!
LISTING UPDATED: 08/15/2026 07:27 PM

  1. Listed by Regis Handley • Howard Hanna Professionals - Olean
    P: (716) 372-1155 C: (716) 307-9256 RegisHandley@howardhanna.com

Property Details for 2423 North Nys Route

Status
MLS #
R1707403
Days on Market
3
Taxes
$4,430 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Apartment
MLS Type
Commercial Sale / Apartment
Year Built
1960
Lot Size
0.74 AC / 32,400 SF
On Waterfront
No
Parking Description
On Site
Zoning Code
Com 1
Nearest Cross Street
Godfrey Hollow

Location

Listing Courtesy of Howard Hanna Professionals - Olean
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Building Information for 2423 North Nys Route

Stories2Residences-Year Built1960Lot Size0.74 AC / 32,400 SF

Payment Calculator

$1,334 per month

30 year fixed, 6.55% Interest

Principal and Interest

$965

Property Taxes

$369

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 2423 North Nys Route

Summary
Location and General Information
  • Elementary School District: Olean
  • High School District: Olean
  • Middle Or Junior School District: Olean
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Parking Total: 6.00
Taxes and HOA Information
  • Area NYSWIS Code: Olean- Town-046600
  • Tax Annual Amount: $4,430.00
Property
Lot Information
  • Building Area Total: 2583.0
  • Land Features: Rectangular, Rectangular Lot
  • Num Of Acres: 0.7438
  • Lot Size Area: 0.7438
  • Lot Size Square Feet: 32400.0
  • Lot Size Units: Acres
  • Num Of Buildings: 1
  • Parcel Number: 046600-094-007-0001-004-000-0000
  • Possible Uses: Manufacturing, Office, Retail, Service Business
  • Lot Number: 4
Property and Assessments
  • Property Condition: Resale
  • Assessed Value: $70,800
  • Year Built: 1960
  • Year Built Description: Existing
  • Zoning Description: Commercial
  • Property Sub Type Additional: Apartment, Mixed Use
Utilities
  • Sewer Description: Septic Tank
  • Utilities Available: Electricity Connected
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Fiber Cement, Concrete
  • Roof Description: Flat
Interior Features
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Carpet, Concrete, Linoleum, Vinyl
  • Heating: Gas, Forced Air
  • Heating YN: Yes
  • Levels: Two
  • Sq Ft Total: 2583.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 0
  • Operating Expense Includes: Other, See Remarks
  • Stories: 2
  • Stories Total: 2
Rental
Rental Information
  • Lease YN: No

Property History for 2423 North Nys Route

DateEvent & SourcePriceAppreciation
Aug 15, 2026

Listed (Active)

WNYREIS #R1707403

$189,900
DateEvent & SourcePrice
08/15/2026

Listed (Active)

WNYREIS #R1707403

$189,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 2423 North Nys Route

This home is within Olean City School District.
Rating
School
Type
Grades
Distance
Public - 3 to 8
Public - 8 to 12
Public - PK to 3
Public - PK to 3
Rating
School
Distance
Olean Middle School
Public3 to 8

Olean Senior High School
Public8 to 12

East View Elementary School
PublicPK to 3

Washington West Elementary School
PublicPK to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2423 North Nys Route is for sale in Olean, NY 14760. This property was listed for sale on August 15, 2026 by Howard Hanna Professionals - Olean, it's currently listed at $189,900. This listing's school district is Olean City School District. Nearby schools include Olean Middle School, Olean Senior High School and East View Elementary School. 2423 North Nys Route is a 0-bed, 0-bath, 2,583 sqft built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Howard Hanna Professionals - Olean

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.