Overview
Prime Land Near Walmart Plaza
This 3.71 acres of vacant land is part of a thriving business center anchored by a top-performing Walmart Supercenter. The Walmart store generates significant foot traffic, with estimated annual sales nearing $200 million. Walmart's lease extends through 2031, with an additional 10-year renewal option. The 2,000 parking spaces surrounding Walmart are frequently full, even on weekdays. 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, Shoe Show, and Zoom Tan. These tenants have extended their leases to align closely with Walmart's lease expiration. Multiple large pylon signs offer visibility for new tenants or owners. The center benefits from its proximity to St. Bonaventure University, located less than half a mile away. Existing infrastructure, including sewer, water, roadways, and power, is already 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 the 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 2.61 acres of vacant land is available for sale.
