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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!
| DAYS ON MARKET | 1 | LAST UPDATED | 8/15/2026 |
|---|---|---|---|
| YEAR BUILT | 1960 | COMMUNITY | Olean- Town-046600 |
| COUNTY | Cattaraugus | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AREA | Olean- Town-046600 |
|---|---|
| CONSTRUCTION | Block, Concrete, Fiber Cement |
| HEAT | Forced Air, Natural Gas |
| HOA DUES | Apartment |
| LOT | 0.7438 acre(s) |
| LOT DESCRIPTION | Rectangular Lot |
| LOT DIMENSIONS | 180X180 |
| PARKING | On Site |
| SEWER | Septic Tank |
| STORIES | 2 |
| TAXES | 4430 |
| UTILITIES | Electricity Connected |
| ZONING | Commercial |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by: Regis Handley, Howard Hanna Professionals - Olean, 716-307-9256
Listing data courtesy of the Internet Data Exchange (IDX) Program of CNYIS and the Adirondack Champlain Valley Multiple Listing Service.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing information deemed reliable but not guaranteed
This IDX solution is (c) Diverse Solutions 2026.
