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431 S Union St 5,796 SF 100% Leased Flex Building Olean, NY 14760 $325,000 ($56.07/SF)

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EXECUTIVE SUMMARY

Presenting an exceptional opportunity to own a versatile commercial property in a high-traffic location on South Union Street, right before the Union Street Bridge. This impressive building boasts approximately 5,800 square feet of flexible space, perfectly suited for a variety of business operations. Property Features: Spacious Garage Area: Ideal for automotive services, storage, or light industrial use. Loading Dock: Convenient for shipping and receiving, enhancing operational efficiency. Ample Parking: Plenty of parking space for customers and employees, a crucial asset for any business. High Visibility Location: Situated on one of the busiest roads in Olean, ensuring maximum exposure and easy access for customers. Newer Roof: Recently updated to ensure durability and reduce future maintenance costs. Well-Maintained: Ongoing maintenance over the years ensures the property is in excellent condition. This property is strategically positioned to capitalize on the bustling activity of South Union Street, making it an ideal location for businesses looking to expand or establish a presence in a prime commercial district.

PROPERTY FACTS

Price $325,000
Price Per SF $56.07
Sale Type Investment or Owner User
Property Type Flex
Property Subtype Light Manufacturing
Building Class C
Lot Size 0.36 AC
Rentable Building Area 5,796 SF
No. Stories 1
Year Built 1957
Parking Ratio 2.59/1,000 SF
Zoning COM-1 - Commercial

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 3,000 SF
  • Flex
  • Partial Build-Out
  • 30 Days
Space Size Space Use Condition Available
1st Floor 3,000 SF Flex Partial Build-Out 30 Days

1st Floor

Size
3,000 SF
Space Use
Flex
Condition
Partial Build-Out
Available
30 Days

1st Floor

Size 3,000 SF
Space Use Flex
Condition Partial Build-Out
Available 30 Days

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
041200-094-073-0006-038-000-0000
Land Assessment
$26,700
Improvements Assessment
$123,300
Total Assessment
$150,000
  • Listing ID: 32722079

  • Date on Market: 8/7/2024

  • Last Updated:

  • Address: 431 S Union St, Olean, NY 14760

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