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    OFF-MARKET
    Drive through restaurants

    855 State St, Olean, NY 14760-3803

    1,990 SF 0.36 ac lot Built 2006
    Entity Owned 20-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-2673494
    Property summary
    AI-generated overview

    This exceptional 1,990-square-foot commercial property, located at 855 East State Street in Olean, New York, presents a remarkable opportunity for retail or restaurant businesses. The building sits on a 0.36-acre lot and boasts 12 convenient parking spaces, ensuring ample customer access. Currently entirely vacant, this space offers immediate occupancy for a new tenant. The property features an existing drive-thru, a significant advantage for quick-service restaurants or businesses requiring convenient customer pick-up. Its strategic location on the highly trafficked East State Street places it within a vibrant commercial district, surrounded by a diverse range of amenities including other restaurants, gas stations, national and local retailers, and banks. The property's zoning is General Commercial, providing flexibility for a variety of uses. The building's proximity to North Union Street (just 1.4 miles away) further enhances its accessibility and visibility. This property is ideal for a restaurant, bar, or small retail store seeking a prominent location in a thriving community. The entire 1,990 square feet is available for sale or lease, presenting a unique opportunity to establish or expand a business in a prime Olean location. Cattaraugus County location and 14760 zip code.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 2006
    Total area 1,990 SF
    Lot 0.36 ac (15,525 SF)
    APN 041200 94.067-7-38
    UPID US63-2673494
    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
    • DR smoke shop #4 (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    INDUS REAL ESTATE, LLC
    INDUS REAL ESTATE, LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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