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    317 Wayne St Olean, NY 14760

    Sponsored
    For Lease
    $5 SF/Yr ($18,524 /Mo)

    37,360 SF Industrial Space, Prime Location

    Lot size:
    37,360 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 37,360+/- square foot industrial property in Olean, NY, presents a remarkable leasing opportunity. Situated on over four acres of land at 317 Wayne Street, this two-story building boasts a versatile layout ideal for warehouse and manufacturing operations, complemented by substantial office space. The property features two buildings, constructed in phases, culminating in a well-maintained structure with four loading docks, one drive-in door, and one grade-level door. Ample parking is available on both sides of the building, with additional rear access. The warehouse area benefits from 3-phase power, multiple gas heaters, and a centrally located roof AC unit, ensuring climate control in the 18' ceiling height section. The roof, comprised of flat rubber and A-frame sections, has undergone updates and is in excellent condition. The office space, renovated between 2010 and 2020, offers a blend of first-floor offices and storage, and three large executive offices with bathrooms and storage on the second floor. This prime location in downtown Olean provides easy access to major roadways, including the Southern Tier Expressway 86, Route 417, and Route 16, placing it within close proximity to Bradford, PA, and offering convenient access to shopping, retail, and entertainment options. The property is zoned for Commercial Business & Light Manufacturing and is immediately available for occupancy. The building was constructed in 1915 and extensively renovated in 2020. Total parking accommodates 45 vehicles.

    Property Features for 317 Wayne St

    General Information

    Property type
    Refrigerated & Cold Storages
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    37,360 SF
    Total Rate
    18524.33

    Building Details

    Year Built/Renovated
    1915/2020
    Buildings
    2
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    37,360 SF
    Rate per SF
    $5

    HighLights

    • 37,360+/- SF industrial building in Olean, NY, on over 4 acres.
    • Two‑story building with warehouse and substantial office space; 4 loading docks, 1 drive‑in door, 1 grade‑level door.
    • 18' ceiling height warehouse with 3‑phase power, gas heaters, and roof AC unit; renovated office space (2010‑2020).
    • Ample paved parking (45+ spaces), rear access, and proximity to major roadways (Southern Tier Expressway 86, Route 417, Route 16).
    • Zoned for Commercial Business & Light Manufacturing; immediately available; includes a separate 4,032+/- SF cold storage building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Refrigerated & Cold Storages

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Olean
    County
    Cattaraugus
    State
    New York
    Longitude
    -78.432828
    Latitude
    42.084902

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    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - 37,360 SF Industrial Space, Prime Location
    Where is this refrigerated / cold storage located?
    The property is located at 317 Wayne St Olean, NY.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: 37,360+/- SF industrial building in Olean, NY, on over 4 acres.; Two-story building with warehouse and substantial office space; 4 loading docks, 1 drive-in door, 1 grade-level door.; 18' ceiling height warehouse with 3-phase power, gas heaters, and roof AC unit; renovated office space (2010-2020).
    Request Owner's contact information
    317 Wayne St 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
    317 Wayne St Olean, NY 14760
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