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    431 S Union St Olean, NY 14760

    For Lease
    $2,000 /Mo ($4 SF/Yr)

    COMMERCIAL - Olean, NY

    Property size:
    5,796 SF
    Lot size:
    0.36 Acres
    Days on Market:
    34
    Last Refresh:
    Dec 13 at 4:06 am

    Property Features for 431 S Union St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Lease
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    COM 1
    APN
    041200-094-073-0006-038-000-0000
    Parking
    15
    Size
    5,796 SF
    Lot size
    0.36 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1957
    Floors in Building
    1
    Roof type
    Metal

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

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

    Listing date Nov 10, 2025

    Copyright © 2025 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

    Versatile Commercial Property on Route 16

    Located on Route 16 just south of Olean's City Center, this commercial property offers approximately 3,000 square feet of flexible space suitable for various business operations. The property includes both office and warehouse space. A spacious garage area is ideal for automotive services, storage, or light industrial use. A loading dock enhances operational efficiency for shipping and receiving. Ample parking is available for customers and employees. Situated on one of the busiest roads in Olean, the property ensures maximum exposure and easy access for customers. The roof has been recently updated. Ongoing maintenance ensures the property is in excellent condition. The property is positioned to capitalize on the activity of South Union Street, making it an ideal location for businesses looking to expand or establish a presence in a prime commercial district.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Driveshaft Specialists Auto Repair Shop Kellner LLC Water Softening Equipment Supplier

    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.

    Similar Places Nearby

    Driveshaft Specialists, Rob's Riverside Auto Repair LLC, Al Lemon Services, Kar Nut Auto Svc LLC., Dixie Auto Sales

    Location Insight

    • Map
    • Local Demand
    City
    Olean
    County
    Cattaraugus
    State
    New York
    Longitude
    -78.429319
    Latitude
    42.071765

    Nearby Similar for Lease

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      Versatile Commercial Property, Olean, NY

      High-visibility commercial property with garage, loading dock, and ample parking.
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    FAQs

    What type of property is this?
    Auto shop - High-visibility commercial property with flexible space and ample parking.
    Where is this auto shop located?
    The property is located at 431 S Union St Olean, NY.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: - High-Visibility Location: Situated on busy South Union Street ensuring maximum exposure.; - Versatile 3,000 SqFt Space: Flexible layout suitable for office, warehouse, or retail use.; - Ample Parking: Plenty of parking spaces available.
    (716) 372-1155
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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
    431 S Union St Olean, NY 14760
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