Mixed-Use Building with
For Lease
$279,900
309 N Union Street, Olean, NY 14760
CommercialLease, Olean, NY
Space SizeContact for details
Lot Size0.08 Acres
Days on Market51
Property Features for 309 N Union Street
General Information
Property type
Commercial Lease
Property subtype
Other
Zoning
Com-1
Zoning description
Commercial
Rooms
Basement
Lot features
Rectangular, Rectangular Lot
Elementary school
Washington West Elementary
Middle school
Olean Middle
High school
Olean Senior High
Elementary school district
Olean
Middle school district
Olean
High school district
Olean
Subdivision
Olean-City-041200
Standard status
Active
APN
041200-094-057-0005-043-000-0000
Size
7,308 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
6890
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Building Details
Year built
1950
Floors in Building
2
Roof type
Rubber, Flat, Membrane
Listing Agency:
Howard Hanna Professionals - Olean
(716) 372-1155
Listed By:
Paul Pezzimenti · License #10301214758
(716) 378-7039
Added: Jul 28
Changed: Sep 16
Last Checked: Sep 16 at 6:06PM
MLS# R1702834
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 7,308-square-foot mixed-use building combines commercial space at street level with a substantially remodeled second floor. The lower level includes two large rooms and an additional unfinished area that can support retail, food service, storage, or expanded customer space, subject to applicable requirements. Upstairs, the current configuration includes two full bathrooms and a layout that can accommodate four to seven bedrooms. The residence may also function as one larger apartment or be divided into two units, subject to approvals.
Located at 309 N Union Street in downtown Olean, the property is zoned Com-1 and occupies 0.0826 acres. Building systems include natural-gas forced-air heat, public sewer, and a flat membrane rubber roof. Constructed in 1950, the property also includes a basement and an existing residential tenancy, providing an established mixed-use operating component.
Located at 309 N Union Street in downtown Olean, the property is zoned Com-1 and occupies 0.0826 acres. Building systems include natural-gas forced-air heat, public sewer, and a flat membrane rubber roof. Constructed in 1950, the property also includes a basement and an existing residential tenancy, providing an established mixed-use operating component.
Key Highlights
- 7,308‑square‑foot mixed‑use building in downtown Olean
- Commercial ground floor with two large rooms and additional unfinished area
- Second‑floor layout supports a 4- to 7‑bedroom apartment configuration
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
873
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space and a remodeled upper-level residential layout support flexible mixed-use occupancy.
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 $279,900.
What are key features of this property?
This property features: 7,308‑square‑foot mixed‑use building in downtown Olean; Commercial ground floor with two large rooms and additional unfinished area; Second‑floor layout supports a 4- to 7‑bedroom apartment configuration
