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318 Wayne Street

Olean, NY 14760
  • $174,900
  • STATUS: Active
  • ON SITE: 27 Days
  • MLS #: R1706615
UPDATED: 119 min ago
$174,900
  • 3
    BEDS
  • 0.03
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 5,594
    SQFT
  • $31
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1890
County:

School Ratings & Info

School District:

Description

MIXED-USE INVESTMENT OPPORTUNITY – 2 APARTMENTS + COMMERCIAL STOREFRONT Versatile mixed-use property offering two residential apartments and approximately 2,100 sq. ft. of first-floor commercial space. A great opportunity for an investor or business owner looking for multiple uses and income potential under one roof. The first apartment features a studio-style layout with a full kitchen offering plenty of cabinet space and a nicely sized full bathroom. The second apartment offers 2 bedrooms, a living room, spacious kitchen, and full bathroom. Both apartments also feature access to large porch areas. The first-floor commercial space offers approximately 2,100 sq. ft., highlighted by large storefront windows providing excellent natural light and visibility. The space includes a bathroom, several storage rooms, updated flooring, fresh paint, and a new HVAC system. An attached 1-car garage provides additional storage and functionality. With residential and commercial space all in one property, this building offers flexibility for a variety of business and investment possibilities. Whether adding to an investment portfolio or looking for a location that combines commercial space with residential rental income, this property is ready for its next chapter.

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©2026 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively 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. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor 716 Realty Group WNY shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than 716 Realty Group WNY are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2026-09-09T00:14:28.5.
www.716realtygroup.com/homes/180080001
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318 Wayne Street Olean, NY 14760

  • Price: $174,900
  • Status: Active
  • On Site: 27 Days
  • Updated: 119 min ago
  • MLS #: R1706615
3
Beds
2
Baths
0
½ Baths
0.03
Acres
5,594
SQFT
$31
$/SQFT
1890
Built
Neighborhood:
Olean-City-041200
County:
Cattaraugus
Area:
Olean-City-041200
School District:
Olean
Property Description
MIXED-USE INVESTMENT OPPORTUNITY – 2 APARTMENTS + COMMERCIAL STOREFRONT Versatile mixed-use property offering two residential apartments and approximately 2,100 sq. ft. of first-floor commercial space. A great opportunity for an investor or business owner looking for multiple uses and income potential under one roof. The first apartment features a studio-style layout with a full kitchen offering plenty of cabinet space and a nicely sized full bathroom. The second apartment offers 2 bedrooms, a living room, spacious kitchen, and full bathroom. Both apartments also feature access to large porch areas. The first-floor commercial space offers approximately 2,100 sq. ft., highlighted by large storefront windows providing excellent natural light and visibility. The space includes a bathroom, several storage rooms, updated flooring, fresh paint, and a new HVAC system. An attached 1-car garage provides additional storage and functionality. With residential and commercial space all in one property, this building offers flexibility for a variety of business and investment possibilities. Whether adding to an investment portfolio or looking for a location that combines commercial space with residential rental income, this property is ready for its next chapter.
Exterior Features

Architectural Style Triplex Construction Materials Fiber Cement Garage YN Yes Lot Features Pie Shaped Lot Parking Features Common Gravel On Street Road Frontage Type Main Thoroughfare Roof Asphalt Rolled / Hot Mop Waterfront YN No

Interior Features

Appliances Gas Water Heater Basement Full Basement YN Yes Fireplace YN No Fireplaces Total 0 Flooring Carpet Varies Vinyl Heating Gas Forced Air Radiator(s) Heating YN Yes Levels Two Living Area 5594

Property Features

Business Type Mixed Listing Terms Cash Conventional Possession Close Of Escrow Property Condition Resale Property Sub Type Mixed Use Rent Includes Hot Water Water Sewer Connected Special Listing Conditions Standard Tax Annual Amount 2872 Utilities Sewer Connected Water Connected Water Source Connected Public Year Built Details Existing Zoning Description Commercial

Greater Rochester Association of Realtors logo Listing information © 2026 CNYIS, GENRIS, WNYREIS. Listing provided by Kenneth Bailey of Real Estate Pros & More : 716-307-6960.
©2026 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively 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. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor 716 Realty Group WNY shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than 716 Realty Group WNY are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2026-09-09T00:14:28.5.
 
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716 Realty Group WNY
1382 Hertel Avenue
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