Financial
Distress signals
Property profile

309 N Union St Olean, NY 14760

FOR LEASE
Other investment properties
Property ID
US63-1687362
6,048 SF 0.08 ac lot 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.
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Property summary

AI-generated overview

This mixed-use building is located in downtown Olean and features commercial space on the ground level consisting of two large rooms suitable for uses such as a bar, restaurant, or retail, plus a substantial undeveloped area that can be used to expand kitchen space, add floor area, or provide storage. The second floor was remodeled and provides a large, open layout with potential to be configured as a 4- to 7-bedroom apartment with two full bathrooms, or repurposed for alternatives such as a

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

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

Value estimate

· Sep 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
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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