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Property profile & analytics
OFF-MARKET
Commercial land

431 Un St Olean, NY 14760-3617

2.28 ac lot
Entity Owned 2-yr Hold Free & Clear
Property ID
US63-4955258
Property summary
AI-generated overview

This exceptional 5,796 square foot commercial property at 431 S Union St, Olean, NY, presents a unique investment opportunity. Located on a high-traffic section of South Union Street, just before the Union Street Bridge, this building offers unparalleled visibility and accessibility. The property sits on a 0.36-acre lot and features a spacious garage area, perfect for automotive services, storage, or light industrial uses. A convenient loading dock significantly enhances operational efficiency for businesses requiring shipping and receiving capabilities. Ample on-site parking is available for both customers and employees, a significant advantage in a busy commercial area. The property benefits from a recently installed newer roof, minimizing future maintenance concerns. Years of consistent upkeep have resulted in the building being in excellent condition. Priced at $360,000, this well-maintained property is strategically positioned to thrive in Olean's bustling commercial district, making it an ideal choice for businesses seeking expansion or a new location with high visibility and convenient amenities.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 2.28 ac (99,317 SF)
APN 042001 93.051-3-21
UPID US63-4955258
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Driveshaft Specialists Auto Repair Shop
  • Kellner LLC Home Appliance Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Kellner LLC · 2 yrs held
Kellner LLC
since 2023
1 recorded transaction
2023
$190,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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