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3100 Cranberry Rd Olean, NY 14760

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For Sale
$300,000

3.71-acre commercial land near high-performing Walmart Supercenter.

Lot size:
3.71 Acres

Property Features for 3100 Cranberry Rd

General Information

Lot size
3.71 Acres

Source: Recckio Real Estate & Development Agent Rick Recckio

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Prime Land Near Walmart Supercenter

This 3.71+/- acre vacant land is part of a thriving business center anchored by a top-performing Walmart Supercenter. As one of the top 5% performing Walmart locations, this store generates significant foot traffic. 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 boasts an impressive lineup of national tenants, including 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. Additional features include multiple large pylon signs, offering excellent visibility. The center benefits from its proximity to St. Bonaventure University, located less than half a mile away. The existing infrastructure, including sewer, water, roadways, and power, is already in place. The current operator of the business center, excluding Home Depot, provides comprehensive management services, including snow plowing, landscaping, parking maintenance, cleaning, lighting maintenance, and pylon sign upkeep. This property represents a rare opportunity to invest in a high-performing commercial hub with a proven track record of success.
Location Intelligence

Current Use by Public Records

Cranberry Court Apartments Apartment Building

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Olean
County
Cattaraugus
State
New York
Longitude
-78.469029
Latitude
42.081508

FAQs

What type of property is this?
Commercial land - 3.71-acre commercial land near high-performing Walmart Supercenter.
Where is this commercial land located?
The property is located at 3100 Cranberry Rd Olean, NY.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: - Anchored by a top 5% performing Walmart Supercenter, driving significant foot traffic.; - Long-term stability with Walmart's lease extending through 2031, plus a 10-year renewal option.; - Impressive lineup of national tenants in the Walmart Supercenter Plaza, including Home Depot, BJ's Wholesale Club, and AMC Theaters.
More about this property
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