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    1 home
      1 home available
      2724 NYS Rte 16 N, Olean, NY 14760
      Closed Dec 4, 2024
      2724 NYS Rte 16 N, Olean, NY 14760
      $279,000
      1beds
      5,778sqft
      acres

      2724 NYS Rte 16 N, Olean, NY 14760

      Listing by: RE/MAX On Point
      1 - 1 of 1 results
      © 2025 Greater Rochester Association of REALTORS®. All Rights Reserved.
      Display of MLS Data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.
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      Membio
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      2724 NYS Rte 16 N, Olean, NY 14760
      Closed Dec 4, 2024
      $279,000
      1beds
      full,half bath
      5,778sqft
      acres

      2724 NYS Rte 16 N, Olean, NY 14760

      City/Town:Olean   Post Office: Olean     

      by Patricia L CollierRE/MAX On Point.

      Data checked -. Listing last updated 488 days ago.
      1. Overview
      2. Details
      3. More 

      This is a rare chance to own a 14-unit motel that’s been converted into rental apartments. Situated in a highly desirable location, this property offers investors a stable income stream with significant upside potential. It has a prime Location: Positioned near major highways, shopping centers, and dining options, making it an attractive choice for tenants seeking convenience. A spacious parking lot ensures every tenant has access to off-street parking, a rare and desirable feature. Located in an area with high rental demand and low vacancy rates. Recent updates to the property’s plumbing, electrical, and roofing systems mean minimal maintenance costs. This is not just a property, but a turnkey investment opportunity Professionally Managed with established cash flow. With the option to increase rental rates or even explore short-term rental models like Airbnb, there are multiple paths to enhancing the property’s profitability.

      Internet Serviceability
      Details
        Property type
      Multi Family
        Year built
      1965
        Heating
      Gas, Baseboard, Hot Water
        Cooling
      None
        Total rooms
        Garage
      No
        City/Town
      Olean
        Post Office
      Olean
        Parking spots
      -
      B1566944
      MLS ID
      Closed
      Status
      Dec 4, 2024
      Closed
      Levels  Levels
      Two
        Roof
      Asphalt,Shingle
        Laundry features
      Common Area
        Fireplace
      No
        Pets allowed
        Architectural Style
      Interior features
      Exterior features
      Blacktop Driveway
      Lot features
      Corner Lot
      Appliances included
      Free Standing Range, Gas Water Heater, Microwave, Oven, Refrigerator, See Remarks
      Construction materials
      Block, Other, Concrete, See Remarks, Pex Plumbing
      Flooring
      Luxury Vinyl
      Utilities
      Water source
      Parking features
      Monthly taxes
      $295
      Yearly taxes
      $3,539
      School district
      Hinsdale
      Schools
      Other - See Remarks, Hinsdale Central
      Senior community
      No
      HOA
      -
      HOA Amentities
      Open Houses
      In-Person
      No upcoming in-person open houses
      Virtual
      No upcoming virtual open houses
      Contact Agent
      Patricia L Collier
      Patricia L Collier
      NY Licensed R.E. Salesperson, RE/MAX On Point
       
       
      Location
      For Sale Nearby
      No nearby homes are For Sale Nearby.
      Recently Sold
      No nearby homes have been Recently Sold.
      2724 NYS Rte 16 N, Olean, NY 14760, is a 1 bedroom, 5778 sqft. Commercial built in 1965. This property is currently available for sale and was listed on Greater Rochester Association of REALTORS® on 9-21-2024. The MLS# for this Commercial is MLS# B1566944.
      Display of MLS Data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.
      Copyright ©2026 Greater Rochester Association of REALTORS®