Share This Listing

Message

953 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

265 N Union St
Olean, NY 14760
 Rite Aid · Retail Property For Sale

Drug Stores New York Olean 265 N Union St, Olean, NY 14760

Save this listing!

Favorite this listing to get notified of price updates, new media and more

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
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
CC
Frontage
259’ on North Union

Amenities

  • Signage
  • Air Conditioning

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
 Improvements Assessment $1,770,500
Land Assessment $43,600 Total Assessment $1,814,100

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
$43,600
Improvements Assessment
$1,770,500
Total Assessment
$1,814,100
 

  • Listing ID: 39356305

  • Date on Market: 2/6/2026

  • Last Updated:

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

More public record information on 265 N Union St, Olean, NY 14760

The Retail Property at 265 N Union St, Olean, NY 14760 is currently available for Sale. Contact Recckio Real Estate & Development Inc. for more information.

NEARBY LISTINGS

1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View Street
Map
265 N Union St, Olean, NY for sale Primary Photo- Image 1 of 3
265 N Union Rd Olean pic 1 02032026
265 N Union St, Olean, NY for sale Building Photo- Image 2 of 3
Primary Photo

Connect with us

© 2026 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}
You can provide feedback any time using the Help button at the top of the page.