230 Clinton St Olean, NY 14760
This exceptional 90,000-square-foot refrigerated warehouse/cold storage facility in Olean, New York presents a significant investment opportunity. Located at 230 S Clinton St, this three-story building sits on a 1.79-acre lot in Cattaraugus County (zip code 14760). The property features nine dock-high doors (four on Clinton Street and five on Barry Street), providing ample loading and unloading capacity. Significant recent capital improvements include a new 800-square-foot office, a state-of-the-art $63,000 alarm/camera system, an office addition (completed in 2008 at a cost exceeding $153,000), a new roof on the building's rear section, infrared heating at the entrance, a renovated basement, a repaired elevator, a new fence and gate on the Clinton Street side, updated lighting, a new 14'x14' drive-in door, new insulation in the shop area, a new steel front entrance door, and new concrete along the building's front. The first floor encompasses approximately 78,000 square feet, while the second and third floors each offer approximately 6,000 square feet of space. The property also benefits from a 0.86-acre gravel parking lot across the street. The building is zoned for industrial use and is ideally situated in a desirable neighborhood. The Olean Industrial Development Agency offers an on-the-job training program with partial wage reimbursement for employees, further enhancing the property's appeal. This is a truly remarkable opportunity for a business seeking a well-maintained, expansive, and strategically located cold storage facility.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.