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    639 Norton Dr Olean, NY 14760

    Sponsored
    For Sale
    Contact for pricing

    Prime Olean land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5.68-acre parcel presents a unique investment opportunity in Olean, New York. Strategically located off Route 16 and visible from the highway, this commercially zoned land boasts high visibility and traffic volume, making it perfect for a variety of uses. The property is zoned for industrial or warehouse development, but also offers potential for apartments or other multi-family dwellings, or an office/flex warehouse building. The land is level at street grade, offering ease of construction. With over 667 feet of frontage along the main road, this site provides excellent accessibility. The property is easily subdividable to meet specific project needs. City water and sewer are readily available, and NYSEG provides gas and electric service. This location offers significant advantages, including proximity to major transportation routes

    Property Features for 639 Norton Dr

    General Information

    Property type
    Specialty properties
    Lot Size
    247,421 SF

    HighLights

    • High‑visibility location.
    • High‑traffic thoroughfare with excellent accessibility.
    • Build‑to‑suit opportunity.
    • High traffic counts ensure strong customer base.
    • Utilities readily available.
    • Conveniently located ~1.5 hours from Buffalo and 20‑30 minutes from Bradford Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Olean Times Herald Newspaper Publisher

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Olean
    County
    Cattaraugus
    State
    New York
    Longitude
    -78.4292745
    Latitude
    42.0935412

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    FAQs

    What type of property is this?
    Specialty property - Prime Olean land, ideal for development.
    Where is this specialty property located?
    The property is located at 639 Norton Dr Olean, NY.
    What are key features of this property?
    This property features: High-visibility location.; High-traffic thoroughfare with excellent accessibility.; Build-to-suit opportunity.
    Request Owner's contact information
    639 Norton Dr Olean, NY 14760
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    Olean, NY 14760
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    639 Norton Dr Olean, NY 14760
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