242 N Union St - Office FOR SALE


Olean, NY 14760
$199,900 USD
716-378-7039
242 N Union St, Olean, NY for Sale
$199,900 USD
Office - FOR SALE
1/21
null | Request Cap Rate

242 N Union St
Olean, NY 14760


OVERVIEW

Discover an exceptional commercial opportunity in the heart of downtown Olean directly adjacent to Jamestown Community College. This versatile property, currently configured as a fully operational medical office, offers endless possibilities for entrepreneurs, investors, or business owners looking to expand their footprint. The main floor is designed with reception areas, private offices, exam rooms, and a functional kitchen at the rear—ideal for staff breaks or catering services. Enjoy abundant storage options, including an unfinished upstairs area that can be customized to fit your unique business needs. Unlock additional revenue streams by converting a portion of the building into residential living space, capitalizing on the growing demand for mixed-use properties. Seven dedicated parking spaces just off Hamilton Street make visiting or residing here hassle-free. Nestled in downtown Olean, this property offers unbeatable visibility and easy access for clients, customers, and residents. Whether you envision a thriving medical practice, professional office, creative studio, or live-work space, this property provides the foundation for success. Its adaptable layout and central location make it an ideal investment for a wide range of commercial and residential uses. Seize this rare opportunity to own a flexible commercial property with income-generating potential in one of Olean's most sought-after areas. Schedule your private tour today and explore the future of your business or investment portfolio!

FOR SALE DETAILS

PRICE

$199,900 USD

PRICE/SF

$42 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1870

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,750 SF

ZONING

CC

APN/PARCEL ID

041200-094-065-0003-052-000-0000

ASK ABOUT THIS PROPERTY

Paul PezzimentiHoward Hanna ProfessionalsMore Info
716-378-7039

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Paul PezzimentiHoward Hanna ProfessionalsMore Info
716-378-7039

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