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2801 W State St 1,500 - 4,800 SF of Retail Space Available in Olean, NY 14760
Highlights
- Up to Months Free Rent
- Strong Co-Tenants
- Pylon Signage
- High Foot Traffic Plaza
- Large Building Signage
- High Ceilings
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 1,500-4,800 SF | 12’ - 20’ | 5-10 Years | $15.00 /SF/YR $1.25 /SF/MO $72,000 /YR $6,000 /MO | Triple Net (NNN) |
1st Floor
This open-floor-plan suite with 20-foot ceilings is located in a high-traffic neighborhood plaza anchored by Marshalls, Ollie’s, and Hobby Lobby. Featuring pylon and building signage opportunities, 590-car parking, and traffic light access, this location sees over 830,000 annual visits and 16,307 AADT. Positioned near I-86, Walmart, and St. Bonaventure University, it’s perfect for retail concepts looking to thrive. Available for immediate tenancy at $15 PSF NNN.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Finished Ceilings: 12’ - 20’
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 2801 W State St, Olean, NY 14760
- Tenant
- Description
- US Locations
- Reach
- Hobby Lobby
- Hobby
- 1,331
- National
- Marshalls
- Dept Store
- 1,432
- International
- Ollie's Bargain Outlet
- Dollar/Variety/Thrift
- 790
- National
| Tenant | Description | US Locations | Reach |
| Hobby Lobby | Hobby | 1,331 | National |
| Marshalls | Dept Store | 1,432 | International |
| Ollie's Bargain Outlet | Dollar/Variety/Thrift | 790 | National |
Property Facts
| Total Space Available | 4,800 SF | Gross Leasable Area | 114,948 SF |
| Min. Divisible | 1,500 SF | Year Built | 1995 |
| Property Type | Retail | Parking Ratio | 4.68/1,000 SF |
| Property Subtype | Storefront |
| Total Space Available | 4,800 SF |
| Min. Divisible | 1,500 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 114,948 SF |
| Year Built | 1995 |
| Parking Ratio | 4.68/1,000 SF |
About the Property
Maximize visibility and minimize upfront costs—now offering up to 6 months of free rent for qualified tenants. This 4,800 SF retail suite at Marshalls Plaza can be delivered whole or divided to accommodate smaller users. The space features 20' ceilings, an open floor plan, excellent signage (building and pylon), and traffic light access at one of Olean’s most active intersections. Strategically anchored by Marshalls, Ollie’s Bargain Outlet, and Hobby Lobby, the plaza benefits from over 830,000 annual visits and 16,300 AADT. Weekly traffic averaged over 8,500 visits in 2025, placing it in the top 13% of all neighborhood centers nationwide Located at 2801 W State Street, the center serves a broad regional customer base and is near key demand drivers, including Walmart Supercenter, Home Depot, St. Bonaventure University, and top area employers such as Cutco and Dresser-Rand. Whether you’re a boutique retailer, a fast casual restaurant, or a service-based business, this is a high-visibility opportunity with flexible suite sizes and generous incentives. Let’s talk—spaces are customizable, and incentives won’t last.
- Pylon Sign
- Signalized Intersection
- Air Conditioning
Nearby Major Retailers
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2801 W State St
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