242 Union St Olean, NY 14760
- Office Properties & Spaces
- 4,750 SF
- 0.10 lot acres
Current Use by Public Records
- Venture Forthe Inc. / Home Health Care Service / Adult Day Care Center
Property Details for 242 Union St
- Year built
- 1870
- Lot size
- 0.10 lot acres
- Property size
- 4,750 SF
- Property type
- Office Properties & Spaces
Description
This exceptional 4,750 square foot commercial property, located at 242 N Union St in Olean, NY, presents a unique investment opportunity. Situated on a 0.1-acre lot directly adjacent to Jamestown Community College, this building offers unparalleled visibility and accessibility. Currently configured as a medical office, the main floor features reception areas, private offices, exam rooms, and a kitchen. Ample storage is available throughout, including an unfinished upstairs area with significant potential for customization. Seven dedicated parking spaces are conveniently located just off Hamilton Street. The property's adaptable layout allows for diverse uses, including a thriving medical practice, professional offices, creative studios, or even a mixed-use development incorporating residential living space to capitalize on current market demand. Its central downtown location ensures high traffic and easy access for clients and customers. This versatile building offers a strong foundation for success, making it an ideal investment for entrepreneurs, investors, or business owners seeking a prime location in a desirable area of Olean. The asking price is $199,900.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Olean
- County
- Cattaraugus
- State
- New York
- Longitude
- -78.4296
- Latitude
- 42.0805
