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Historic Office Building with Vaults
New
For Lease
$5,000/Mo

101 N Union St, Olean, NY 14760

A marble-finished main level, private offices, prep area, bar and two vaults shape a distinctive downtown setting.

Space Size7,110 SF
Days on Market2

Property Features for 101 N Union St

General Information

Standard status Active
Size 7,110 SF
Net Rentable 7,110 SF
Property subtype Commercial

Space & Availability

Available Space 7,110 SF
Contiguous Space 7,110 SF
Private Offices 2

Additional Details

Road Access Yes

Amenities

original bank vaults
prep area
well-appointed bar

Building Details

Building Size 7,110 SF
Year Built 1871
Stories 1
Listing Agency: Howard Hanna Professionals - Olean
Listed By: Paul Pezzimenti · License #10301214758
Source: Elliman
Added: Oct 4 Last Checked: Oct 4 at 1:52PM

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 - Olean

Investment Insights

Based on property information with market context.

Built in 1871, the Manny Hanny Building at 101 N Union St offers 7,110 square feet of rentable office space. A marble-finished main level, two private offices, a prep area and a bar are complemented by two original bank vaults. The existing features also support restaurant, event venue or hospitality use.

The building occupies the corner of State and Union streets in downtown Olean, at the junction of Routes 417 and 16. Its Walk Score is 79 and Bike Score is 66.

Key Highlights

  • 7,110 square feet of rentable space
  • Built in 1871
  • Two private offices, a prep area and a bar

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Kitchen & Bath Showroom Electrical Service Real Estate Agency HVAC Service Plumbing Service (Bike/Boat/Book/etc) Store

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

Yes
Paved road access
NNN (Triple Net)
Lease Type
$1.27 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

843
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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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Frequently Asked Questions

What type of property is this?
Office building - A marble-finished main level, private offices, prep area, bar and two vaults shape a distinctive downtown setting.
Where is this office building located?
The property is located at 101 N Union St Olean, NY.
What is the lease rate?
The lease rate is $5,000/Mo.
What are key features of this property?
This property features: 7,110 square feet of rentable space; Built in 1871; Two private offices, a prep area and a bar
More about this property
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