Overview
Prime Commercial Land Near Walmart
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.
