855 State St, Olean, NY 14760-3803
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.
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DR smoke shop #4 (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.