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318 Wayne Street

Olean, NY 14760
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Bed 3

Bed

Bath 2

Bath

SqFt5,594

Sqft

Acres0.03

Acre(Lot)

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 bath room, 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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Detail Ic Property Details

Property Type : Residential

Price : $174,900

AD Id : 89493438

MLS Id : R1706615

Beds : 3

Lot Size : 0.03 Acre

Living Area Size : 5,594

Year Built : 1890

Garage : 1

County : Cattaraugus

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Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Has Basement: Yes Basement: Full
  • Flooring Information

    Carpet, Varies, Vinyl
  • Roofing Information

    Asphalt, Rolled/Hot Mop
  • Interior Features

    Roof: Asphalt, Rolled/Hot Mop Appliances: Gas Water Heater, Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air, Natural Gas, Radiant

  • Building Information

    Year Built: 1890 Building Area Total: 5594 Construction Materials: Fiber Cement Stories: 2 Private Pool: No

  • Lot Information

    Lot Dimensions: 24X86 Main Square Feet: 0.03 Acres Lot Size Acres: 0.03 Lot Size Square Feet: 1307 Lot Description: Pie Shaped Lot

  • Listing Price Information

    Listing Price: $174900 Cash, Conventional

  • Tax Information

    Parcel Number: 041200-094-057-0001-036-000-0000 Tax Lot: 36 Annual Tax: $2872

  • Parking Information

    Common, Gravel, On Street

    Garage Information

    Has Garage: Yes Garage Space: 1

  • Utility Information

    Sewer Connected, Water Connected
  • Location Information

    WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
308 N Clark Street, Olean, NY, 14760 $89,900 3 1 1,256 1,256 SqFt
1312 E State Street, Olean, NY, 14760 $24,000 3 1 1,100 1,100 SqFt
326 Line Street, Olean, NY, 14760 $175,000 3 2 1,760 1,760 SqFt
507 Line Street, Olean, NY, 14760 $299,900 3 3 1,736 1,736 SqFt
111 Taggerty Avenue, Olean, NY, 14760 $269,900 3 2 1,512 1,512 SqFt
839 Crown Street, Olean, NY, 14760 $199,000 4 2 2,022 2,022 SqFt
754 Garden Avenue, Olean, NY, 14760 $99,900 3 1 1,120 1,120 SqFt
372 Hamilton Avenue, Olean, NY, 14760 $245,000 2 2 1,108 1,108 SqFt
2 Woodview Court, Olean, NY, 14760 $459,900 4 3 3,104 3,104 SqFt
272 Hamilton Avenue, Olean, NY, 14760 $99,000 3 2 1,153 1,153 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the New York State Alliance MLS. 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. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. 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 ByOwner shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Copyright ©2026 New York State Alliance and participating MLS's - CNYIS, UNYREIS and WNYREIS. All Rights Reserved.

ByOwner last updated this listing 08/22/2026 @ 16:16

MLS: R1706615 LISTED BY: Kenneth Bailey, Real Estate Pros & More 716-372-7100 SOURCE: Upstate New York Real Estate Information Services (UNYREIS)

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