133 Independence Dr - Commercial LAND FOR SALE


Olean, NY 14760 113,692 SF
$500,000 USD
716-998-4422
133 Independence Dr, Olean, NY for Sale
$500,000 USD
Commercial LAND - FOR SALE
1/17
113,692 SF

133 Independence Dr
Olean, NY 14760


HIGHLIGHTS

  • 2.61 +/- Acres of Buildable Vacant Land
  • Located within the Walmart Supercenter Plaza
  • Zoned for commercial use
  • Strong infrastructure in place

OVERVIEW

This 2.61+/- Acres of vacant land located at 133 Independence Drive in Olean, NY, is part of a thriving business center anchored by a top-performing Walmart Supercenter. As one of the top 5% performing Walmart locations, this store generates significant foot traffic, with estimated annual sales nearing $200 million. Walmart's lease extends through 2031, with an additional 10-year renewal option, ensuring long-term stability. The 2,000 parking spaces surrounding Walmart are frequently full, even on weekdays, highlighting the center's popularity. The Walmart Supercenter Plaza boasts an impressive lineup of national tenants, including Home Depot, BJ's Wholesale Club with gas, AMC Theaters, Old Navy, Verizon, Bath & Body Works, GNC, Maurices, SuperCuts, Spectrum, GameStop, Pet Supplies Plus, Sally Beauty, Shoe Show, and Zoom Tan. These tenants have extended their leases to align closely with Walmart's lease expiration, demonstrating their commitment to the location. Additional features include multiple large pylon signs, offering excellent visibility for new tenants or owners. The center benefits from its proximity to St. Bonaventure University, located less than half a mile away, which provides a steady stream of potential customers. The existing infrastructure, including sewer, water, roadways, and power, is already in place, allowing new owners to focus on obtaining permits and building. The current operator of the business center, excluding Home Depot, provides comprehensive management services, including snow plowing, landscaping, parking maintenance, cleaning, lighting maintenance, and pylon sign upkeep. This ensures a hassle-free experience for new owners, who can benefit from the established management structure. This property represents a rare opportunity to invest in a high-performing commercial hub with a proven track record of success.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/ACRE

$191,570/AC

PRICE/SF

$4 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

2.61+/- Acres Vacant Land

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial

LAND ACRES

2.61 AC

LAND SF

113,692 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Rick RecckioRecckio Real Estate & Development Inc.More Info
716-998-4422

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Rick RecckioRecckio Real Estate & Development Inc.More Info
716-998-4422

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.