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    309 N Union St Olean, NY 14760

    Sponsored
    For Sale
    $299,900

    COMMERCIAL - Olean, NY

    Property size:
    7,308 SF
    Lot size:
    0.08 Acres
    Days on Market:
    3
    Last Refresh:
    Jan 7 at 10:06 am

    Property Features for 309 N Union St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    COM 1
    Rooms
    Basement
    APN
    041200-094-057-0005-043-000-0000
    Size
    7,308 SF
    Lot size
    0.08 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air

    Building Details

    Year built
    1950
    Floors in Building
    2
    Roof type
    Membrane, Rubber, Flat

    Howard Hanna Holt Real Estate (716) 269-4208 [email protected]

    Listing agent Paul Pezzimenti (716) 372-1155 License #10301214758

    Listing date Jan 5, 2026

    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.

    Overview

    Mixed-Use Building in Downtown Olean

    This mixed-use property is located in downtown Olean. The building, formerly a pub, offers a commercial ground-level space featuring two expansive rooms suitable for a bar, restaurant, or retail concept. An undeveloped area provides versatility for expanding the kitchen, creating additional floor space, or providing storage. The second floor has been remodeled into a sprawling layout with the potential for a 4- to 7-bedroom apartment with two full bathrooms. This residential space is suitable for an owner-occupied unit, student housing, or division into two apartments for dual income streams. The property is positioned at the center of downtown revitalization efforts. The lot size is 0.0826 acres, and the property size is 7308 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fraternal Order of Eagles Non-Profit Organization

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Olean
    County
    Cattaraugus
    State
    New York
    Longitude
    -78.430274
    Latitude
    42.081838

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial space and remodeled residential unit.
    Where is this mixed-use property located?
    The property is located at 309 N Union St Olean, NY.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: - Prime downtown location at the heart of Olean's revitalization efforts.; - Mixed-use property with commercial ground floor and remodeled residential second floor.; - **Sprawling second-floor apartment with potential for 4-7 bedrooms and 2 full bathrooms.**
    (716) 378-7039
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    309 N Union St Olean, NY 14760
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    309 N Union St Olean, NY 14760
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