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    Olean, NY

    Olean, NY Commercial Real Estate for Sale

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    Allegany, NY Portville, NY Hinsdale, NY
    35 properties
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    Established Restaurant in High-Traffic Location
    Updated: Jan 14
    Established Restaurant in High-Traffic Location

    501 W State Street, Olean, NY 14760

    $250,000
    1,640 sqft · 0.12 AC lot
    High‑traffic location at the corner of 4th Street and West State Street.
    Turnkey restaurant opportunity with all kitchen equipment included.
    Approximately 15 off‑street parking spaces.
    $20+ million construction project planned on West State St.
    Strong local recognition and unmatched exposure.
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    This listing looks promising.

    Here's a quick look at some key insights for

    501 W State Street, Olean, NY 14760

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    • Est. Cap Rate

      8.5%
      Above avg (5.9%)

    • Est. NOI

      $21K
      Annual

    • Mortgage

      $85K
      Feb 2022

    • Last Sold

      Feb 2022
      $130K

    • Property Type

      Restaurant
      Built 1965
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    Retail-Front Flex and Garage
    Updated: Jun 1
    Retail-Front Flex and Garage

    1646 Nys Rte 417, Olean, NY 14760

    $175,000
    3,320 sqft · 0.24 AC lot
    Two‑building commercial setup with approx. 1,518 SF main building and approx. 1,802 SF four‑bay garage in back.
    Main building previously operated as a welding supply store with three separate rooms, a half bathroom, and large front display windows.
    Flexible floor plan suited for multiple business types including retail, professional offices, contractor services, specialty shops, or showroom use.
    Four‑bay garage includes a loading dock for storage, warehousing, distribution, equipment maintenance, fabrication, light manufacturing, or service businesses.
    Utilities include public water and septic tank sewer; heating is oil with forced air.
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    Mixed-Use Retail and Office Building
    Mixed-Use Retail and Office Building

    1305 W State Street, Olean, NY 14760

    $165,000
    6,680 sqft · 0.40 AC lot

    First-floor retail or office space with multiple rental units, plus rear lot parking and access from two streets.

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    Olean Commercial Property For Sale
    Olean Commercial Property For Sale

    3004 Nys Route 417, Olean, NY 14760

    $1,399,500
    2,696 sqft · 0.75 AC lot

    Commercial property in Olean, NY, ideal for various businesses.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Mixed-Use Building in Downtown Olean
    Mixed-Use Building in Downtown Olean

    309 N Union Street, Olean, NY 14760

    $279,900
    7,308 sqft · 0.08 AC lot

    Mixed-use property with commercial space and residential potential.

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    Flex Space with Retail Frontage
    Flex Space with Retail Frontage

    1646 Olean Portville Rd, Olean, NY 14760

    $175,000
    3,320 sqft

    Two-building flex setup combines customer-facing frontage with a rear four-bay garage and loading dock.

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    Flex Space with Garage
    Flex Space with Garage

    1646 Nys Rte 417, Olean, NY 14760

    $175,000
    3,320 sqft

    Flex showroom and back four-bay garage layout supports retail, office, and contractor or light service uses.

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    Flex Retail and Office Building
    Flex Retail and Office Building

    417 W State Street, Olean, NY 14760

    $499,900
    15,320 sqft · 0.70 AC lot

    Versatile commercial building with rear warehouse space, mezzanine storage, and convenient loading access for a range of users.

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    Commercial Building with Redevelopment Potential
    Commercial Building with Redevelopment Potential

    515 W State St, Olean, NY

    $685,000
    6,200 sqft · 0.53 AC lot

    Fully leased commercial building with redevelopment potential on second floor.

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    Versatile Commercial Property in Olean
    Versatile Commercial Property in Olean

    135 N 2nd St, Olean, NY 14760

    $150,000
    3,673 sqft

    3,673 sq ft property with commercial zoning and renovation potential.

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    Established Restaurant in High-Traffic Location
    Established Restaurant in High-Traffic Location

    501 W State St, Olean, NY 14760

    $275,000

    Well-established restaurant for sale in a high-traffic Olean location.

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    NNN Leased Dollar General Investment
    NNN Leased Dollar General Investment

    1322 W State Street, Olean, NY 14760

    $1,482,800
    11,440 sqft

    Absolute NNN leased Dollar General in Olean, NY for sale.

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    Olean Commercial Property For Sale
    Olean Commercial Property For Sale

    3004 W State St, Olean, NY

    $1,399,500
    2,696 sqft · 0.79 AC lot

    2,696 SF commercial building in Olean, NY for sale.

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    Olean Retail Property For Sale
    Olean Retail Property For Sale

    1316-1322 W State St, Olean, NY

    $1,482,800
    11,440 sqft · 0.68 AC lot

    NNN retail property with corporate guaranty in Olean, NY.

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    Olean Warehouse/Industrial Opportunity
    Olean Warehouse/Industrial Opportunity

    1022 E State St, Olean, NY

    $150,000
    2,546 sqft · 0.37 AC lot

    2550 SF steel pole barn on E. State St.

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    Warehouse-Flex Building on 1.79 Acres
    Warehouse-Flex Building on 1.79 Acres

    230 South Clinton, Olean, NY 14760

    $995,000

    Large warehouse-flex building with many recent capital improvements.

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    Prime Commercial Land Near Walmart
    Prime Commercial Land Near Walmart

    133 Independence Dr, Olean, NY 14760

    $500,000

    2.61+/- acre commercial land in thriving business center.

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    Mixed-Use Building in Downtown Olean
    Mixed-Use Building in Downtown Olean

    309 N Union St, Olean, NY 14760

    $279,900

    Mixed-use property with commercial space and residential potential in downtown.

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    Mixed-Use Building with Remodeled Interior
    Mixed-Use Building with Remodeled Interior

    208 Main St, Olean, NY 14760

    $200,000

    Three-story mixed-use building with remodeled interior and separate utilities.

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    Mixed-Use Retail and Apartments
    Mixed-Use Retail and Apartments

    514 W State St, Olean, NY 14760

    $159,900
    9,180 sqft

    Well-trafficked mixed-use building with street-level storefront space and four fully rented apartments above.

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    Prime Land Near Walmart Plaza
    Prime Land Near Walmart Plaza

    1900 Dan Eaton Dr, Olean, NY 14760

    $300,000

    3.71 acres of commercial land within a thriving business center.

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    Olean Warehouse with Recent Improvements
    Olean Warehouse with Recent Improvements

    111 N 2nd St, Olean, NY

    $1,800,000
    67,543 sqft · 1.31 AC lot

    67,543 SF warehouse with recent capital improvements for sale.

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    Mixed-Use Property in West Olean
    Mixed-Use Property in West Olean

    1305 W State St, Olean, NY 14760

    $165,000

    Commercial property with retail/office space and rental units.

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    Prime Land Near Walmart Supercenter
    Prime Land Near Walmart Supercenter

    3100 Cranberry Rd, Olean, NY

    $300,000
    3.71 AC lot

    3.71-acre commercial land near high-performing Walmart Supercenter.

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    Olean, NY Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Olean, NY, showcased through 35 active listings on our real estate platform. These investment opportunities span a total of 175,377 square feet of properties for sale, with an estimated market value of $13,000,628.

    Sale prices for business properties in Olean, NY start at $150,000, averaging $722,257, and reaching up to $2,071,428 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 17K
    Population Growth (5Y) -4.9%
    Median Household Income $52,569
    College Educated 40.2%

    High-Yield Neighborhoods for Investment

    Identify Olean submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    14760 $456.4K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cattaraugus County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Cattaraugus County

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