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Mixed-Use Property with Brick Walls
For Lease
$120,000

309 N Union Street, Olean, NY 14760

Downtown building with bar or restaurant space, upstairs apartments, and parking along the front.

Space SizeContact for details
Property Size7,308 SF
Days on Market1110

Property Features for 309 N Union Street

General Information

Standard status Active
Size 7,308 SF
Total Parking Spaces 12
Zoning Mixed use, Commercial

Property Condition

Severity Minor
Evidence in need of work

Additional Details

Space Use Restaurant

Taxes and HOA fees

Annual Taxes $8,413

Building Details

Building Size 7,308 SF
Year Built 1945
Buildings 1
Stories 2
Construction brick
Listing Agency: 3D Real Estate LLC
Listed By: James Dwaileebe
Source: Wcirealty
Added: Aug 1, 2023 Changed: Aug 14 Last Checked: Aug 14 at 6:24AM

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 3D Real Estate LLC

Investment Insights

Based on property information with market context.

Built in 1945, this downtown mixed-use property combines a bar or restaurant space with apartments on the upper level. Interior character includes exposed brick walls and woodwork. The upstairs residential units require work, and the property is offered as-is.

Located on N Union Street in Olean, the building has parking positioned in front. Its mixed-use layout supports commercial space at street level with residential space above.

Key Highlights

  • Mixed‑use building in downtown Olean
  • Bar or restaurant space with woodwork and brick walls
  • Apartments located on the upper level

Property Analytics

Current Use

Fraternal Order of Eagles Charitable Organization

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.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

873
Businesses Nearby
142k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 47% Shops & Services 23% Superstores 14% Apparel 10%
Tim Hortons Dining
22,363 visits/mo 0.3 miles
Big Lots Superstores
20,453 visits/mo 0.3 miles
Burger King Dining
18,000 visits/mo 0.3 miles
Wendy's Dining
15,997 visits/mo 0.2 miles
JCPenney Apparel
14,871 visits/mo 0.2 miles

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 Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Downtown building with bar or restaurant space, upstairs apartments, and parking along the front.
Where is this mixed-use property located?
The property is located at 309 N Union Street Olean, NY.
What is the lease rate?
The lease rate is $120,000.
What are key features of this property?
This property features: Mixed‑use building in downtown Olean; Bar or restaurant space with woodwork and brick walls; Apartments located on the upper level
More about this property
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