2502 W State St
Olean, NY 14760
Friendly's · Retail Property For Sale

This Friendly’s property is located at 2502 West State Street in Olean, New York. Olean is the largest city in Cattaraugus County and is one of the principal cities of the Southern Tier region of New York. Surrounding Retail and Points of Interest The subject property benefits from its strategic location in a dense residential and retail corridor containing both local and national tenants. Major national tenants in the surrounding area include Walmart, The Home Depot, BJ’s, AMC, Burger King, McDonald’s, Tops, Staples, Dollar Tree, Domino’s, and Applebee’s. St. Bonaventure University is located one mile from the subject property and currently enrolls over 2,000 students. Archbishop Walsh Academy and Southern Tier Catholic School are located .2 miles from the subject property and combined, enroll 191 students. Olean General Hospital, a Kaleida Health facility, is a 186-bed general medical and surgical hospital under ten minutes away from the subject property. Traffic Counts and Demographics There are approximately 19,500 individuals residing within a three-mile radius of the property and just over 23,500 individuals within a five-mile radius. The subject property is on West State Street, which experiences an average daily traffic count of 5,560 vehicles. West State Street runs parallel to I-86, which has an average daily traffic count of 13,620 vehicles. Olean, New York Olean, New York serves as the financial, business, transportation and entertainment center of Cattaraugus County. Olean was recently selected as a winner of the New York State Downtown Revitalization Initiative (DRI). Started by Governor Andrew Cuomo and currently in its second year, the DRI awards communities with $10 million to develop a downtown strategic investment plan to implement key projects to revitalize the local community. Olean’s vision is to make the city vibrant and residents optimistic about opportunities to work, to learn, and to thrive in Olean, with a special emphasis on retaining younger and college-educated residents. Olean is home to the headquarters of Cutco and a major manufacturing facility of Dresser-Rand, a Seimans AG subsidiary. Olean’s youth is served by two elementary schools, one middle school and one high school.