Courtesy: EXP-Premier Listings Team
888-276-0630
Prime commercial opportunity in one of Olean's most sought-after locations! Situated along the busy Route 417 West corridor, just east of major box stores, grocery shopping, physician offices, churches, public transportation, and other high-traffic destinations, this vacant 80' x 88' lot offers incredible visibility and endless possibilities. The seller also owns the four adjoining lots, creating the opportunity to acquire a total of 27,387 square feet (approximately 0.63 acres) with an impressive 156 feet of road frontage—ideal for expanding your business footprint. Whether you're envisioning a retail storefront, professional office space, food truck venue, car sales lot, storage facility, or another entrepreneurial venture, this location provides the exposure and accessibility needed to help your business thrive. This particular lot may also be purchased in conjunction with one of the neighboring homes, allowing for a unique live-work setup with room for approximately 30 parking spaces. The adjacent property along the Route 417 corridor is currently configured as a duplex but could easily be converted into an attractive storefront, office, or commercial space to suit your needs. Opportunities like this are hard to find in such a prime location. Bring your ideas and explore the potential this highly visible commercial property has to offer!
Courtesy: Howard Hanna Professionals - Olean
716-372-1155
Exceptional commercial opportunity featuring two versatile buildings located in a high-visibility, high-traffic area. The main building offers approximately 1,518 square feet and has previously operated as a welding supply store. Inside, you'll find three separate rooms, a half bathroom, and large front display windows that provide excellent natural light and outstanding exposure for customers and passing traffic. The flexible floor plan makes this space ideal for a variety of uses including retail, professional offices, contractor services, specialty shops, showroom space, or numerous other commercial ventures. Located behind the main building is a 1,802 square foot four-bay garage complete with a loading dock, offering exceptional functionality for storage, warehousing, distribution, equipment maintenance, fabrication, light manufacturing, or service-related businesses. The combination of retail frontage and industrial-style workspace creates a unique opportunity for owner-operators, investors, or businesses seeking room to grow. With excellent visibility, ample commercial potential, and a layout that can accommodate a wide range of business types, this property is well-positioned for future success. Whether you're expanding an existing operation, launching a new venture, or seeking an investment property, this versatile commercial offering deserves a closer look.
Courtesy: eXp Realty
888-276-0630
Mixed-use opportunity on E State St in Olean. Property includes a 2-family home and a detached commercial building. Upper apartment is currently rented, providing immediate income. Lower unit offers flexibility for conversion to an additional apartment or office space. Second structure is set up for a small engine repair or similar commercial use. Large parking lot accommodates 10+ vehicles and includes gated access. Suitable for investors or owner-occupants seeking residential income with on-site business potential.
Courtesy: EXP-Premier Listings Team
888-276-0630
Attention investors!!!!! This is the kind of opportunity that doesn’t come around often. This impressive portfolio features 10 buildings with a total of 29 residential units, offering a strong and consistent income stream with potential gross rents approaching $300,000 annually. The unit mix provides built-in stability and flexibility, with a combination of 6-month leases, long-term tenants, and month-to-month occupants, allowing a new owner to optimize rents over time while maintaining immediate cash flow. A comprehensive package of rental riders and documentation is available, making due diligence seamless. The portfolio boasts a low turnover rate, reflecting tenant satisfaction and steady occupancy, while the properties have been well-maintained overall, with select units offering value-add potential through minor updates—an ideal scenario for increasing rents and maximizing return on investment. Conveniently located within the city, these properties are all in close proximity to employment opportunities, schools, churches, and shopping, making them highly desirable to tenants and easy to manage. Whether you’re looking to expand your existing portfolio or step into a high-performing investment, this is your chance to take control, build equity, and truly be your own boss with a scalable, income-producing asset. Rental Riders available for qualified buyers. Addresses include: 326 Tompkins St (6 unit) 112 N. 3rd (2 Unit), 230 N. 8th (4 unit), 537 Queen 2 unit), 1315-1317 Reed (3 unit), 308 S (2 unit), 661 S. Union (2 Unit), 1312 Walnut (2 unit), 602 Washington (2 unit), 710 W Sullivan (4 unit)
Courtesy: EXP-Premier Listings Team
888-276-0630
Unlock the potential in this expansive 3,673 sq ft property—once a residential home, later transformed into a doctor’s office, and now ready for its next chapter. Zoned COM1, this unique building offers incredible flexibility for a variety of commercial or mixed-use opportunities. While it has changed hands over the years, each owner shared the same vision of restoring it to its former glory—yet time ran short. Following a pipe burst during this past winter freeze, the property is in need of renovation, but for the right buyer, this is a rare chance to bring new life to a truly impressive structure. Whether you’re an investor, entrepreneur, or visionary, the possibilities here are abundant. Are you ready to take on the challenge and make it your own?
Courtesy: Howard Hanna Professionals - Olean
716-372-1155
This commercial property is located on a heavily travelled street in West Olean. The first floor offers many opportunities from retail to office space. The property has several rental units for additional income. To the rear of the building, there is an additional lot with sveral parking spaces. It also has access from South 12th Street and South 13th Street. See attached map.
Courtesy: Century 21 Turner Brokers
716-763-7506
Auto Repair Shop-Do not miss this incredible established business/investment opportunity, which has been in service for 23 years, and to purchase a successful 9,600 square foot auto repair shop located on NYS RTE. 16, with high visibility, high traffic count, and 40+ surfaced parking spaces on both sides of the shop and in front. Has 2 ten foot overhead bay doors with two car lifts. Take advantage of this freestanding turnkey cash-flowing commercial asset with an attached office/main lobby that is ideal for customer intake and waiting room. There is also a utility/storage room at the back of the main office/lobby area with attached Semi Trailer for extra storage. There's a half bath, pellet stove for backup heat, water tank and breaker box. The garage area is heated with a forced air overhead blower. Equipment, tools, Office furniture, Exhaust inventory, and NYS Inspection Machine, and more, will transfer upon purchase. Ask for the list of Equipment that will transfer. Also, established repeat customer list will be transferred. There are two lots totaling 1.4 acres. The back vacant lot has an extra septic that has not been used for some time. There used to be two mobile homes on the back lot. No underground storage tanks. Electric hot water tank Rubber roof is 20 years old. Seller will allow new owner to keep the name if they want to and will stay on to help with getting them established if needed.
Courtesy: ERA Team VP Real Estate
716-372-2234
Great investment opportunity on highly visible West State Street! This mixed-use commercial/residential property offers 6 total units and approximately 6,100 sq ft of income-producing space. The building features two street-level commercial storefronts (one currently occupied) and four fully rented upper-level apartments totaling 3,060 sq ft, including one 2-bed/1-bath and three 1-bed/1-bath units. Updates include a new roof (2022) and some newer windows. Great opportunity for an owner-operator looking to run a business while generating rental income, or for investors seeking a solid commercial asset in a prime location.
Courtesy: Howard Hanna Professionals - Olean
716-372-1155
This well-established restaurant on West State Street in the heart of Olean offers a rare opportunity to own a business in a high-traffic location. Situated at the corner of 4th Street and West State, this property has been a community staple for years, offering excellent visibility and easy access for customers. With a $20+ million construction project planned on West State St, this is the perfect time to invest. With great kitchen space and approximately 15 off-street parking spaces, a valuable asset in this busy area. All kitchen equipment is included. This is a turnkey opportunity for a restaurateur looking to continue a long-standing tradition or introduce a new concept in a proven location. With strong local recognition and unmatched exposure, this property is ready for its next owner. Schedule a showing today to explore this exceptional business opportunity.
Courtesy: Howard Hanna Professionals - Olean
716-372-1155
Own a piece of local history with this incredible mixed-use opportunity located in the absolute heart of downtown Olean! This building formerly housed the legendary Village Green Pub. This well-known establishment holds memories for generations of locals, and now offers a blank canvas for the next visionary owner. The commercial ground-level features two expansive rooms ideal for reviving a bar or restaurant or launching a new retail concept, along with a significant undeveloped area that offers tremendous versatility. Use it to expand the kitchen, create more public floor space, or provide ample storage. The second floor provides immediate value, having been impressively remodeled to feature a sprawling layout with potential for a 4- to 7-bedroom apartment with two full bathrooms. This residential space offers unmatched flexibility, making it ideal for a large owner-occupied unit, high-yield student housing, or easy division into two apartments for dual income streams. With the residential renovations largely complete and a prime commercial footprint awaiting your touch, this property sits at the center of the downtown revitalization efforts. Whether you envision breathing new life into the Village Green or establishing a completely new venture with built-in residential income, this is a rare chance to acquire a cornerstone of the community.
Courtesy: EXP-Premier Listings Team
888-276-0630
JUST REDUCED!!! ACT NOW!!! High-visibility commercial building on Route 417 in the Village of Allegany. This block-and-brick property offers excellent potential for a wide range of businesses with C2 Highway Commercial zoning. The building features a large open shop area with concrete floors, high ceilings, and an overhead bay entry for easy access. At the front, a dedicated office/showroom with large display windows provides street presence and natural light. Amenities include a restroom, utility area, and on-site parking. Recent updates include a new hot water tank and PEX plumbing upgrades, giving peace of mind and reducing future maintenance needs. The lot measures 57 x 125 ft (7,012 sq. ft.), and the location places you just minutes from Olean and St. Bonaventure University. With public utilities and steady traffic along Route 417, this property combines function, visibility, and investment potential. Whether you’re looking for an owner-occupied shop, rental investment, or redevelopment project, 3027 Route 417 is a versatile property ready for your next chapter.
Courtesy: Howard Hanna Professionals - Olean
716-372-1155
Prime commercial property available at the highly visible intersection of S 4th St and W State St in Olean. This 15,000+ square foot building, constructed in 1993, is situated on a 0.57-acre lot in a high-traffic area, making it an ideal location for businesses seeking maximum exposure. The property is in good overall condition, though the air conditioning units may require repair. The building features versatile commercial space suitable for retail, office, or mixed-use purposes, with a spacious rear warehouse area offering high ceilings, a mezzanine level for additional storage, and convenient loading/unloading access. This is an excellent opportunity for investors or businesses to capitalize on the property’s prime location and substantial square footage
Olean is located in New York. Olean, New York has a population of 13,941. Olean is more family-centric than the surrounding county with 32.02% of the households containing married families with children. The county average for households married with children is 27%.
The median household income in Olean, New York is $43,345. The median household income for the surrounding county is $53,537 compared to the national median of $69,021. The median age of people living in Olean is 38.9 years.
The average high temperature in July is 79.5 degrees, with an average low temperature in January of 13.4 degrees. The average rainfall is approximately 42.8 inches per year, with 75.6 inches of snow per year.
