Commercial Real Estate Market in Wellsville, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
23 active listings and 434 off-market properties in Wellsville, NY. Commercial property asks $192/SF to buy and $10.00/SF/Yr to lease.
Market Trends
Wellsville, NY spans 116.0 square miles in Allegany County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Wellsville, NY asks $116/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Wellsville, NY asks $26/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Wellsville, NY runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Wellsville, NY asks $45/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 76.2%
- Industrial 7.5%
- Open space 7.2%
- Commercial 5%
- Civic 1.9%
Largest Zones share of zoned land by district
Residential
Residential
General Industrial
Recreation
Mixed Business District
Wellsville, NY zones 1,526 acres across 7 districts. Commercial zoning covers 5% of zoned land, residential 76.2%, open space 7.2% and industrial 7.5%. The largest single district is Residential at 57.8%. For commercial buyers the practical constraint is that only 12.5% of land carries a commercial or industrial designation.
Residential (R-1)
The purpose of R-1 zone is to delineate those areas where predominantly single family, Iow density residential development and limited multi family residential development has occurred or is likely to occur and to protect the integrity of these residential areas by prohibiting the intrusion of any use which is not compatible with this predominant type and in…
Market overview
Demographics & Economy
Wellsville, NY has 9,375 residents in 4,612 households. Density runs 81 people per square mile. Median household income here is $59,063 and median gross rent $645 a month.
9,375
Population
4,612
Households
2
Avg Household Size
44
Median Age
24%
College-Educated
94%
High-School Grad
116 sq mi
ZIP Area
81
Density / Sq Mi
$59,063
Median Household Income
$35,466
Median Earnings
$645
Median Rent
$93,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Scio | — | — |
| Andover | — | — |
| Belmont | — | — |
| Alma | — | — |
Commercial property in Wellsville, NY asks $192/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Wellsville?
Commercial property in Wellsville, NY asks an average of $192 per square foot. The 4 most recent recorded sales traded at a median of $35/SF, so asking sits 442% above the achieved median. Office carries the highest asking price at $116/SF.
How much does it cost to lease commercial space in Wellsville?
Asking lease rates in Wellsville, NY average $10.00 per square foot per year.
What zoning applies to commercial property in Wellsville?
Wellsville, NY zones 1,526 acres across 7 districts, of which 5% is commercial and 7.5% industrial. The largest single district is Residential at 57.8% of zoned land. The purpose of R-1 zone is to delineate those areas where predominantly single family, Iow density residential development and limited multi family residential development has occurred or is likely to occur and to protect the integrity of these residential areas by prohibiting the intrusion of any use which is not compatible with this predominant type and in… Residential zoning covers 76.2% and open space 7.2%.
Where does Realmo's Wellsville market data come from?
Realmo compiles Wellsville, NY figures from 5 recent recorded sales, 16 active sale listings, 7 active lease listings, 434 tracked off-market properties, the current Wellsville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 7 active for-lease listings in Wellsville, NY. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 1,526 zoned acres across 7 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
