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265 N Union St
Olean, NY 14760
$1 Auction - REIT Sale | Former Rite Aid · Retail Property For Sale
Investment Highlights
- ABSOLUTE $1 AUCTION | Former Rite Aid with Drive-Thru | 13K VPD | Hard Corner | AUCTION OCTOBER 27-29
- Hard Corner with ±10,508 VPD Traffic Counts on N Union St and ±2,972 VPD on W Sullivan St | Across from Jamestown Community College (3,750 Students)
- Attractive Demographics with 5-Mile Population of ±23,304 and Annual Household Income of ±$70,519
- 10,207 SF Freestanding Former Rite Aid with Drive-Thru on 1.16 AC Parcel
- Nearby Nationals: CVS, Dollar General, Tim Hortons, Wendy’s, Subway | Olean Center Mall (Anchored by JCPenney & Kohl’s) with $40M Redevelopment Propos
- Zoned CC, City Center Use District with a Variety of Commercial Uses
Property Facts
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
Zoning
CC
Frontage
259’ on North Union
Amenities
- Signage
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,770,500 | |
| Land Assessment | $43,600 | Total Assessment | $1,814,100 |
Property Taxes
Parcel Numbers
Land Assessment
$43,600
Improvements Assessment
$1,770,500
Total Assessment
$1,814,100
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