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

This Friendly’s investment 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. There are more than 23,400 individuals residing within a five-mile radius of the property and more than 35,600 within a ten-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. 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, Aldi, The Home Depot, BJ’s, AMC, Burger King, McDonald’s, Tops, Staples, Dollar Tree, Domino’s, Applebee’s, and many more. 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 within walking distance of the subject property and have a 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. 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 Siemens AG subsidiary. Olean’s youth is served by two elementary schools, one middle school and one high school.