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Investment Highlights

  • Frontage: ±269 ft on N. Union St; ±188 ft on W. Sullivan St
  • Parking: 50 surface spaces
  • Investment Type: Redevelopment / Re-tenanting opportunity
  • Drive-Thru: Yes

Executive Summary

An outstanding opportunity to acquire a highly visible retail building with drive-thru at 265 N. Union Street, paired with the adjacent 0.28-acre commercial parking lot at 269 N. Union Street. Together, these properties create a flexible, high-traffic commercial footprint ideal for retail, medical, service, redevelopment, or mixed-use concepts in Olean’s primary business district. Former national drugstore with existing high-quality infrastructure. Strategic hard-corner location across from Jamestown Community College – Cattaraugus Campus.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,399 SF
Building Class
C
Year Built
1999
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.16 AC
Opportunity Zone
Yes
Zoning
CC
Frontage
259’ on North Union

Amenities

  • Signage
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 11,399 SF
  • Retail
  • Outparcel
  • Now

An outstanding opportunity to acquire a highly visible retail building with drive-thru at 265 N. Union Street, paired with the adjacent 0.28-acre commercial parking lot at 269 N. Union Street. Together, these properties create a flexible, high-traffic commercial footprint ideal for retail, medical, service, redevelopment, or mixed-use concepts in Olean’s primary business district. Former national drugstore with existing high-quality infrastructure. Strategic hard-corner location across from Jamestown Community College – Cattaraugus Campus.

Space Size Space Use Position Available
1st Floor 11,399 SF Retail Outparcel Now

1st Floor

Size
11,399 SF
Space Use
Retail
Position
Outparcel
Available
Now

1st Floor

Size 11,399 SF
Space Use Retail
Position Outparcel
Available Now

An outstanding opportunity to acquire a highly visible retail building with drive-thru at 265 N. Union Street, paired with the adjacent 0.28-acre commercial parking lot at 269 N. Union Street. Together, these properties create a flexible, high-traffic commercial footprint ideal for retail, medical, service, redevelopment, or mixed-use concepts in Olean’s primary business district. Former national drugstore with existing high-quality infrastructure. Strategic hard-corner location across from Jamestown Community College – Cattaraugus Campus.

Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

Tim Hortons
Keybank
Community Bank
Rent-A-Center

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 041200-094-065-0002-003-003-0000
  • 041200-094-065-0002-006-000-0000
  • 041200-094-065-0002-004-000-0000
Land Assessment
$59,632 CAD
Improvements Assessment
$2,421,513 CAD
Total Assessment
$2,481,145 CAD
  • Listing ID: 39356305

  • Date on Market: 2026-02-06

  • Last Updated:

  • Address: 265 N Union St, Olean, NY 14760

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