Property profile

309 N Union St Olean, NY 14760

FOR LEASE
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Property ID
US63-1687362
6,048 SF 0.08 ac Built 1950
Last sale Jun 2024·$92,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

Built in 1945, this downtown mixed-use building is located on N Union Street in Olean and combines street-level commercial space with residential apartments on the upper level. The interior features exposed brick walls and woodwork. The residential units on the upper level are configured as apartments and require work. The building’s street-level layout supports a bar or restaurant use, with parking positioned in front. The property is designed as a mixed-use structure with commercial space at street level and housing above.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$150k
Assessed land$13k
Assessed improvement$137k

Value estimate

· Nov 2026
$275k
$248k – $303k
NOI build-up
Gross scheduled income$88k
Vacancy & credit loss−$7k
Operating expenses−$36k
NOI · 15.77% cap applied$44k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$48/SF
ZIP average, outlier-cleaned · 42 recorded sales of this use type
Observed band · Q1–Q3$25 – $66

Cap rate analysis

How does the asset earn?
15.77%
$44k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCATTARAUGUS

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency19.6
Spa & Massage13.4
Kitchen & Bath13.0

Location

309 N Union St Olean, NY 14760
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
801 State, Olean, NY 14760-2245 $360,000 Apr 2025 4,540 SF
328 Delaware, Olean, NY 14760-2847 $340,000 Oct 2024 7,628 SF
1615 State, Olean, NY 14760-3368 $50,000 Oct 2024 9,455 SF
211 Un, Olean, NY 14760-2705 $173,750 Sep 2024 7,120 SF
502 State, Olean, NY 14760-2544 $289,000 Aug 2024 7,000 SF
1619 State, Olean, NY 14760-3354 $240,000 Jul 2023 5,144 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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