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Medical Office Building With Parking
For Sale
Contact for pricing
Pending

242 N Union St, Olean, NY 14760

Downtown Olean medical office with main-floor exam and office spaces, plus an unfinished upstairs area and seven dedicated parking spots.

Property SizeContact for details
Days on Market119

Property Features for 242 N Union St

General Information

Standard status Pending
Total Parking Spaces 7
Property subtype Retail, Office, Mixed Use
Listing Agency: Howard Hanna Professionals
Listed By: Paul Pezzimenti · License #NY 10401272385
Source: Crexi
Added: Apr 24 Changed: Aug 17 Last Checked: Aug 19 at 6:53AM

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 Howard Hanna Professionals

Investment Insights

Based on property information with market context.

This downtown Olean property is currently configured as a fully operational medical office. The main floor includes reception areas, private offices, exam rooms, and a functional kitchen at the rear, along with abundant storage throughout. An unfinished upstairs area provides space that can be customized to fit future needs, including potential for mixed-use conversion as a residential living component.

The building is directly adjacent to Jamestown Community College and is located at 242 N Union St. Seven dedicated parking spaces are available just off Hamilton Street, supporting convenient client and staff access.

The interior layout supports a medical workflow today while retaining flexibility through the unfinished upper level and rear kitchen area for a variety of office and live-work applications, subject to applicable approvals.

Key Highlights

  • Downtown Olean commercial property currently configured as a fully operational medical office
  • Main floor includes reception areas, private offices, exam rooms, and a functional rear kitchen
  • Includes additional storage and an unfinished upstairs area for customization

Property Analytics

Current Use

Venture Forthe Inc. Home Health Care Service

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Kitchen & Bath Showroom Electrical Service Nail Salon HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

873
Businesses Nearby
Under-served
Demand for This Use

Demographics for 14760, NY

18,031
Population
8,917
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
91%
High-School Grad
65.1 sq mi
ZIP Area
277
Density / Sq Mi
$52,569
Median Household Income
$35,754
Median Earnings
$777
Median Rent
$99,400
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?
Medical Office Space - Downtown Olean medical office with main-floor exam and office spaces, plus an unfinished upstairs area and seven dedicated parking spots.
Where is this medical office space located?
The property is located at 242 N Union St Olean, NY.
What are key features of this property?
This property features: Downtown Olean commercial property currently configured as a fully operational medical office; Main floor includes reception areas, private offices, exam rooms, and a functional rear kitchen; Includes additional storage and an unfinished upstairs area for customization
(716) 378-7039 Call to check price and availability
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