Mary M Chiera

309 N Union Street, Olean, NY 14760

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Property Description

Step into an incredible opportunity in the absolute heart of downtown Olean! This building formerly housed the legendary Village Green Pub, a beloved local institution that holds memories for generations of residents - and now it's ready to become your blank canvas. The commercial ground level offers two expansive rooms, perfectly suited for reviving a bar or restaurant, launching a new retail concept, or bringing your own vision to life. A generous undeveloped area adds even more versatility - expand the kitchen, create additional public floor space, or use it for storage. Upstairs, the second floor delivers immediate value with a beautifully remodeled, sprawling layout offering potential for a 4- to 7-bedroom apartment with two full bathrooms. This space is already generating income: a current tenant is paying $2,000/month and covers their own electric, while the owner covers gas and water - a great head start for an investor. The layout also offers flexibility for a large owner-occupied unit, high-yield student housing, or easy division into two separate apartments for dual income streams. With residential renovations largely complete and a prime commercial space ready for your touch, this property sits right at the center of downtown Olean's revitalization. Whether you're reviving the Village Green legacy or building something entirely new - with built-in residential income already in place - this is a rare chance to own a true cornerstone of the community.

309 N Union Street | MLS# R1702834

This commercial property located at 309 N Union Street, Olean, NY 14760 is currently listed for sale with an asking price of $279,900. N Union Street is located within the Olean school district. Search Olean real estate on maree-chiera.coldwellbankerprime.com today.

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Property Features

Property Type: Commercial - Business
Basement: Full
Heating: Gas, Forced Air
Lot Size: 0.08 Acres
Roof Type: Flat, Membrane, Rubber
Stories: 2.0
Taxes: $6,890
Year Built: 1950

Feature Descriptions

Days on Site: 4
Lot: Rectangular, Rectangular Lot
Lot Dimensions: 36X100
Parcel#: 041200-094-057-0005-043-000-0000
Sewer: Public Sewer
Utilities: Sewer Connected

Local Schools

High School: Olean Senior High
Middle School: Olean Middle
Elementary School: Washington West Elementary
School District: Olean

Demographics

Listed By / Shown By

Listing By

Agency Name: Howard Hanna Professionals - Olean
Agency Contact: 716-378-7039

Shown By

Agent Name: Mary M Chiera
Agent Phone: (518) 423-7569 Primary
Agency Title: Coldwell Banker Prime Properties

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