Property profile

502 Un St Olean, NY 14760

OFF-MARKET
Commercial land
Property ID
US63-2700251
5.2 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Delaware Park Centre, located at 502 N Union St, Olean, NY 14760, offers a diverse range of office spaces for lease. This three-building complex, totaling 76,749 square feet, sits on 5.2 acres of land and features 272 parking spaces. Built in 1980, the property is zoned GC and located in the Olean submarket of Cattaraugus County. The property offers flexible space options, with a minimum divisible space of 1,500 square feet and a maximum contiguous space of 18,622 square feet. Currently, 8,500 square feet is available. The property is suitable for various uses, including traditional office, executive office, coworking, medical office, and creative office spaces. The single-story buildings provide convenient access and ample parking. The property's central location in Olean offers excellent visibility and accessibility. This is an exceptional opportunity to secure prime office space in a thriving community. The property's diverse zoning allows for a variety of business types. Contact us today to learn more about leasing opportunities at Delaware Park Centre.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 5.2 ac (226,512 SF)
APN 041200 94.057-3-39
UPID US63-2700251

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Take-out & Catering Catering Service
  • Nail Salon
  • (Bike/Boat/Book/etc) Store Cosmetic Store
  • Discount Store

Location

502 Un St Olean, NY 14760-2619
Olean metro Census 961800 OLEAN, NY MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.47M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.56M

Owner & transaction history

since 2022
Last sale
$3.6M
1 recorded transaction
2022
$3.6M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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