Restaurant Space with Bank
New
For Lease
$5,000/Mo
101 N Union Street, Olean, NY 14760
CommercialLease, Olean, NY
Space Size7,110 SF
Lot Size0.10 Acres
Days on Market5
Property Features for 101 N Union Street
General Information
Property type
Commercial Lease
Property subtype
Other
Zoning
COM 1
Zoning description
Commercial
Rooms
Basement
Parking
20
Lot features
Rectangular, Rectangular Lot
Elementary school
Washington West Elementary
Middle school
Olean Middle
High school
Olean Senior High
Elementary school district
Olean
Middle school district
Olean
High school district
Olean
Subdivision
Olean-City-041200
Standard status
Active
APN
041200-094-253-0001-026-001-0002
Size
7,110 SF
Lot size
0.10 Acres
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Electric (Heating), Natural Gas, Steam
Amenities
grand entrance finished in marble
private offices
prep area
bar
original bank vaults
Building Details
Year built
1871
Floors in Building
1
Roof type
Membrane, Rubber
Listing Agency:
Howard Hanna Professionals - Olean
(716) 372-1155
Listed By:
Paul Pezzimenti · License #10301214758
(716) 378-7039
Added: Oct 1
Last Checked: Oct 5 at 5:06AM
MLS# R1719302
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The 7,110-square-foot restaurant property occupies the Manny Hanny Building, constructed in 1871. Its interior includes a marble-finished main level, two private offices, a prep area and a bar. Two original bank vaults remain in the building, and a basement is also part of the property. Zoning is COM 1, and the parcel measures 0.1 acres.
The building is at the corner of State and Union streets in downtown Olean, where Routes 417 and 16 meet. Public sewer serves the property. Heating systems include hot water, electric, natural gas and steam; the roof is membrane and rubber.
The building is at the corner of State and Union streets in downtown Olean, where Routes 417 and 16 meet. Public sewer serves the property. Heating systems include hot water, electric, natural gas and steam; the roof is membrane and rubber.
Key Highlights
- 7,110 square feet of rentable space
- Restaurant layout includes a prep area and bar
- Two private offices and a marble‑finished main level
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.27 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
141k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Shops & Services 31%
Superstores 14%
Apparel 11%
Tim Hortons
Dining
22,363 visits/mo
0.5 miles
Big Lots
Superstores
20,453 visits/mo
0.5 miles
Country Fair
Shops & Services
20,332 visits/mo
0.5 miles
Burger King
Dining
18,000 visits/mo
0.4 miles
Wendy's
Dining
15,997 visits/mo
0.4 miles
Demographics for 14760, NY
18,031
Population
8,917
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
91%
High-School Grad
65.1 sq mi
ZIP Area
277
Density / Sq Mi
$52,569
Median Household Income
$35,754
Median Earnings
$777
Median Rent
$99,400
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - A prep area and bar are paired with two private offices and two original bank vaults.
Where is this conventional restaurant located?
The property is located at 101 N Union Street Olean, NY.
What is the lease rate?
The lease rate is $5,000/Mo.
What are key features of this property?
This property features: 7,110 square feet of rentable space; Restaurant layout includes a prep area and bar; Two private offices and a marble‑finished main level
