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Flex Space with Loading Dock
For Lease
$4,000/Mo

431 S Union Street, Olean, NY 14760

Office, warehouse, and garage areas provide adaptable space for commercial operations.

Space SizeContact for details
Property Size5,796 SF
Days on Market375

Property Features for 431 S Union Street

General Information

Standard status Active
Size 5,796 SF
Total Parking Spaces 15
Zoning COM 1, Commercial

Building Details

Building Size 5,796 SF
Year Built 1957
Buildings 1
Stories 1
Listing Agency: Howard Hanna Professionals - Olean
Listed By: Paul Pezzimenti · License #10401272385
Source: Wcirealty
Added: Aug 11, 2025 Changed: Aug 19 Last Checked: Aug 19 at 2:19PM

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.

This approximately 3,000-square-foot flex property combines office and warehouse areas with a spacious garage, supporting a range of commercial operations. A loading dock serves shipping and receiving needs, while on-site parking accommodates customers and employees. The building dates to 1957 and has a newer roof along with ongoing maintenance.

The property is located at 431 S Union Street, just south of Olean’s City Center and near the Union Street Bridge. Its position on Route 16 places the building along South Union Street, a heavily traveled commercial corridor. Zoning is COM 1, Commercial.

Key Highlights

  • Approximately 3,000 square feet of flexible office and warehouse space
  • Spacious garage area suitable for automotive services, storage, or light industrial use
  • Loading dock supports shipping and receiving operations

Property Analytics

Current Use

Driveshaft Specialists Auto Repair Shop Kellner LLC Home Appliance Store

Suggested Use

Top Pick Real Estate Agency Kitchen & Bath Showroom Dental Office Electrical Service Spa & Massage Center Daycare Center

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

550
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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Frequently Asked Questions

What type of property is this?
Flex space - Office, warehouse, and garage areas provide adaptable space for commercial operations.
Where is this flex space located?
The property is located at 431 S Union Street Olean, NY.
What is the lease rate?
The lease rate is $4,000/Mo.
What are key features of this property?
This property features: Approximately 3,000 square feet of flexible office and warehouse space; Spacious garage area suitable for automotive services, storage, or light industrial use; Loading dock supports shipping and receiving operations
More about this property
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