265 N. Union St. - Retail Building + Adjacent Parking Lot
265 N. Union St. - Former Rite Aid with Drive Thru
Marketing description
An outstanding opportunity to acquire a highly visible retail building with drive‑thru at 265 N. Union Street, paired with the adjacent 0.28‑acre commercial parking lot at 269 N. Union Street. Together, these properties create a flexible, high‑traffic commercial footprint ideal for retail, medical, service, redevelopment, or mixed‑use concepts in Olean’s primary business district. Former national drugstore with existing high‑quality infrastructure. Strategic hard‑corner location across from Jamestown Community College – Cattaraugus Campus.
Located in Olean’s central commercial district—the city's primary retail and service hub. Near major retailers, CVS, Dollar General, Beef and Barrel restaurant, Tim Hortons, Wendy’s, Subway, Olean Center Mall.
Investment highlights
Tenancy: Vacant
Parking: 50 surface spaces
Frontage: ±269 ft on N. Union St; ±188 ft on W. Sullivan St
Traffic Counts: 10,508 VPD on N. Union; 2,972 VPD on W. Sullivan
Drive‑Thru: Yes
Investment Type: Redevelopment / Re‑tenanting opportunity
Strong area demographics with ±23,304 population within 5 miles and HH income of ±$70,519.
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