Olean, NY Commercial Real Estate for Lease and Sale

Explore 21 listings of Olean commercial real estate for lease and for sale to find the best space for your business.

Wayne Street Medical Campus

921 Wayne Street, Olean, NY
Property

Office

28,139 SF
Availability

2 Spaces

17,740 SF
Year Built

1989
For Lease Contact for pricing
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Out Parcels - Olean Center Mall

400 North Union Street, Olean, NY
Property

Retail

316,177 SF
Availability

1 Space

1,600 SF
For Lease Contact for pricing
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Warehouse & Distribution

1414 East State Street, Olean, NY
Property

Industrial

276,444 SF
Availability

1 Space

276,444 SF
Year Built

1942
For Lease

$5.50/SF/MO
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Warehouse Space

230 South Clinton, Olean, NY
Property

Industrial

90,000 SF
Availability

1 Space

10,000 SF
For Lease

$4.95/SF/MO
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2500+/- SF Warehouse/Storage Building in Industrial Zoning

1020 East State St, Olean, NY
Property

Retail

2,546 SF
Year Built

1910
For Sale

$299,999
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Office Space

1414 East State Street, Olean, NY
Property

Industrial

276,444 SF
Availability

1 Space

276,444 SF
Year Built

1942
For Lease

$5.50/SF/YR
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1316 W State Street

1316 W State Street, Olean, NY
Property

Retail

11,440 SF
Availability

1 Space

11,440 SF
For Lease Contact for pricing
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Warehouse Space

230 South Clinton, Olean, NY
Property

Industrial

90,000 SF
For Sale

$995,000
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Walmart Plaza

3142 West State Street, Olean, NY
Property

Retail

53,642 SF
Availability

1 Space

3,080 SF
For Lease Contact for pricing
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10.55+/- Acres of Vacant Land

1401 East State Street, Olean, NY
Property

VacantLand
For Sale

Call for More Details
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124 Union St N

124 Union St N, Olean, NY
Property

Office

42,588 SF
Year Built

1892
For Sale

$399,000
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Olean Center Mall

400 North Union Street, Olean, NY
Property

Retail

316,177 SF
Availability

1 Space

1,600 SF
For Lease Contact for pricing
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Marshalls Plaza

2801 West State Street, Olean, NY
Property

Retail

118,281 SF
Availability

1 Space

4,866 SF
For Lease Contact for pricing
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New Price! 2,248+/- SF Retail/Office Space

1425 Olean-Portville Rd, Olean, NY
Property

Retail

2,248 SF
For Sale

$175,000
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WAYNE STREET MEDICAL CAMPUS OLEAN NEW YORK 14760

WAYNE STREET MEDICAL CAMPUS OLEAN NEW YORK 14760, Olean, NY
Property

Office

28,139 SF
For Sale

$5,300,000
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New Price! 2,248+/- SF Retail/Office Space

1425 Olean-Portville Rd, Olean, NY
Property

Retail

2,248 SF
Availability

1 Space

2,248 SF
For Lease

$2,495.00/MO
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202 E State Street

202 E State Street, Olean, NY
Property

Office

20,814 SF
For Sale

$535,000
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1102-1110 Valencia St

1102-1110 Valencia St, Olean, San Francisco, CA
Property

Retail

8,463 SF
Availability

1 Space

1,434 SF
Year Built

1890
For Lease Contact for pricing
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2801 West State Street - Pad Site

2801 West State Street, Olean, NY
Property

VacantLand

11.62 Acre
Availability

1 Space

11.62 Acre
For Lease Contact for pricing
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10.55+/- Acres of Vacant Land

1401 East State Street, Olean, NY
Property

VacantLand
Availability

1 Space

10.55 Acre
For Lease Contact for pricing
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855 East State St

855 East state st, Olean, NY
Property

Retail

1,990 SF
Availability

1 Space

1,990 SF
For Lease

$17.00/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Olean commercial real estate market incorporates 119,680 square feet of office space across 4 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Olean commercial real estate market includes 833,212 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Olean market, there is a total of 732,888 square feet of industrial property.

The listing inventory in Olean incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Olean is represented by Industrial space, which accounts for 562,888 square feet of available listings. Retail space available in Olean adds up to 28,258 square feet.

Meanwhile, most of the listings of commercial property for sale in Olean are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Olean, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $17 per square foot.

The average size of a commercial property in Olean depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Olean, the average size of an office property is 29,920 square feet.
Retail properties here incorporate an average of 83,322 square feet.
Industrial space in Olean is in buildings that are, on average 183,222 square feet in size.

Olean, NY Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Olean currently add up to 1,574,611 square feet. The market offers 1 active office listing(s), which amount to 17,740 square feet and account for 7% of commercial spaces on the market. Local retail availability includes 28,258 square feet across 8 retail space(s). Industrial space for rent opportunities in Olean amount to 562,888 square feet across a total of 3 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	1	17,740
Retail	8	28,258
Industrial	3	562,888
Other	2	965,725

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Olean, NY. Currently, there is 186,335 square feet of commercial property for sale here , which includes 3 office building(s) for sale , 2 retail investment opportunity listing(s) , and 1 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	3	91,541
Retail	2	4,794
Industrial	1	90,000

Olean, NY Commercial Real Estate for Lease and Sale

Wayne Street Medical Campus

Out Parcels - Olean Center Mall

Warehouse & Distribution

Warehouse Space

2500+/- SF Warehouse/Storage Building in Industrial Zoning

Office Space

1316 W State Street

Warehouse Space

Walmart Plaza

10.55+/- Acres of Vacant Land

124 Union St N

Olean Center Mall

Marshalls Plaza

New Price! 2,248+/- SF Retail/Office Space

WAYNE STREET MEDICAL CAMPUS OLEAN NEW YORK 14760

New Price! 2,248+/- SF Retail/Office Space

202 E State Street

1102-1110 Valencia St

2801 West State Street - Pad Site

10.55+/- Acres of Vacant Land

855 East State St

Frequently Asked Questions

Olean, NY Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Olean, NY Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Olean, NY?

What factors affect the price of commercial real estate in Olean, NY?

What are the best areas for commercial real estate in Olean, NY?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Olean, NY?

Olean, NY Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Popular Coworking Searches

Popular Office Searches

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Popular Industrial Searches

About us