Prime Commercial Land Near
133 Independence Dr Olean, NY 14760
133 Independence Dr, Olean, NY, 14760
$500,000
For Sale
$500,000
2.61+/- acre commercial land in thriving business center.
Days on Market238
Property Features for 133 Independence Dr
General Information
- Standard status
- Active
- Property subtype
- Land
Listing agency
Recckio Real Estate and Development
(716) 998-4422
Listed by
Rick Recckio · License #NY #31RE0821429
(716) 998-4422
Source
Recckio
Added: Nov 25, 2025 Updated: Jul 6 at 10:05AM Checked: Jul 21 at 5:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Recckio Real Estate and Development
Investment Insights
Based on property information with market context.
This 2.61+/- acre vacant land is located at 133 Independence Drive in Olean, NY, within a thriving business center anchored by a top-performing Walmart Supercenter. The Walmart location is a high performer, generating significant foot traffic. Walmart's lease extends through 2031, with an additional 10-year renewal option. The surrounding 2,000 parking spaces are frequently full. The Walmart Supercenter Plaza includes national tenants such as Home Depot, BJ's Wholesale Club with gas, AMC Theaters, Old Navy, Verizon, Bath & Body Works, GNC, Maurices, SuperCuts, Spectrum, GameStop, Pet Supplies Plus, Sally Beauty, and Shoe Show. These tenants have extended their leases to align closely with Walmart's lease expiration. Multiple large pylon signs offer visibility. The center is near St. Bonaventure University, providing a steady stream of potential customers. Existing infrastructure, including sewer, water, roadways, and power, is in place. The current operator of the business center provides comprehensive management services, including snow plowing, landscaping, parking maintenance, cleaning, lighting maintenance, and pylon sign upkeep. Olean is located in New York's Southern Tier along I-86 and is home to St. Bonaventure University and the Cutco corporate headquarters. Walmart Plaza serves as a leading shopping destination in the area. The surrounding retail landscape features ALDI, Tops, McDonald's, Marshalls, Ollie's Bargain Outlet, JoAnn Fabrics, Applebee's, and Harbor Freight. The land is zoned for commercial use. Over 16,000 AADT on W. State Street. An additional 3.71+/- acres of vacant land is available for sale.
Key Highlights
- Located in a thriving business center anchored by a top 5% performing Walmart Supercenter with estimated annual sales nearing $200 million and a lease extending through 2031 with a 10‑year renewal option.
- Benefits from significant foot traffic due to the high‑performing Walmart and a strong lineup of national tenants.
- Existing infrastructure (sewer, water, roadways, power) is already in place, streamlining the development process.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Land - 2.61+/- acre commercial land in thriving business center.
Where is this land located?
The property is located at 133 Independence Dr Olean, NY.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Located in a thriving business center anchored by a top 5% performing Walmart Supercenter with estimated annual sales nearing $200 million and a lease extending through 2031 with a 10‑year renewal option.; Benefits from significant foot traffic due to the high‑performing Walmart and a strong lineup of national tenants.; Existing infrastructure (sewer, water, roadways, power) is already in place, streamlining the development process.
