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Wooded Commercial Land
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adj. to 6401 Olean Rd, South Wales, NY 14139

A wooded tract near Olean Road in South Wales is subject to a recorded land-use agreement.

Property SizeContact for details
Days on Market2

Property Features for adj. to 6401 Olean Rd

General Information

Standard status Active
Property subtype Commercial

Amenities

ABSOLUTE $1 AUCTION | 4.9 Acre Parcel | 11K VPD | $127K Avg HH Income | Buffalo MSA | AUCTION OCTOBER 19-21
±4.9-Acre South Wales Development Site - Erie County parcel offers scale for future projects within the Buffalo-Niagara Falls market.
Strong Position Near Olean Road / NY-16 - Nearby corridor carries ±11,277 VPD, connecting the site with surrounding Erie County communities.
Affluent Western New York Trade Area - The 10-mile radius includes ±66,363 residents with average household income of about $127,411.
Daily-Needs Commercial Cluster Close By - Dollar General, 7-Eleven/Mobil, USPS, and self-storage create established activity near the parcel.
Buffalo-Niagara Market Connectivity - International airport sits roughly 22 miles away, extending access to the broader regional economy.
Absolute $1 Auction - First Bid Meets Reserve!
Listing Agency: Fort Lauderdale Office
Listed By: Philip Kates · License #License(s): FL: SL3235872, NC: LC1044
Source: Marcusmillichap
Added: Oct 4 Last Checked: Oct 4 at 2:15PM

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 Fort Lauderdale Office

Investment Insights

Based on property information with market context.

This 4.90-acre wooded parcel is located in South Wales, Erie County, across railroad tracks from 6401 Olean Road. A 2021 Land and Land Use Restrictive Agreement applies to the property and limits certain competing discount-retail concepts and other uses.

The site is near Olean Road and NY-16, where traffic is approximately 11,277 vehicles per day. Nearby demand generators include Dollar General, 7-Eleven/Mobil, USPS, and Legacy Prime Self Storage. The 10-mile trade area has approximately 66,363 residents and average household income of $127,411. Buffalo Niagara International Airport is approximately 22 miles away.

Key Highlights

  • 4.90‑acre wooded parcel
  • Near Olean Road and NY‑16, with approximately 11,277 VPD
  • 2021 Land and Land Use Restrictive Agreement limits certain competing discount‑retail concepts and other uses

Property Analytics

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Current Use

Dollar General Discount Store

Suggested Use

Top Pick Auto Repair Shop HVAC Service Big Box & Wholesale Store Real Estate Agency Storage Facility Grocery & Convenience 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.

Location Intelligence

Trade Area within ½ mile

36
Businesses Nearby

Demographics for 14139, NY

2,231
Population
871
Households
2.6
Avg Household Size
45
Median Age
29%
College-Educated
96%
High-School Grad
24.9 sq mi
ZIP Area
90
Density / Sq Mi
$78,317
Median Household Income
$52,208
Median Earnings
$850
Median Rent
$242,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - A wooded tract near Olean Road in South Wales is subject to a recorded land-use agreement.
Where is this commercial land located?
The property is located at adj. to 6401 Olean Rd South Wales, NY.
What are key features of this property?
This property features: 4.90‑acre wooded parcel; Near Olean Road and NY‑16, with approximately 11,277 VPD; 2021 Land and Land Use Restrictive Agreement limits certain competing discount‑retail concepts and other uses
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