3142 West State Street - 3,080+/- SF Retail Space

3142 West State Street, Olean, NY 14760

  • For Lease $16.00/SF/YR
  • Property Type Retail - Strip
  • Property Size 53,900 SF
  • Lot Size 4 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1972
  • Year Renovated 2008
  • Date Updated May 12, 2025
Located in a thriving commercial hub that features a mix of national and local businesses. Nearby, you'll find the Walmart Supercenter Plaza, a major retail destination offering a wide range of shopping options. Home Depot is also in close proximity, catering to home improvement and construction needs. Other national tenants in the area include Old Navy, Sally Beauty, and GNC, providing a variety of services and products. This location is ideal for commercial development, benefiting from the steady flow of customers drawn to these established businesses.An exceptional opportunity awaits at 133 Independence Drive in Olean, NY. This prime piece of 2.73+/- acres of vacant land is perfectly positioned for commercial development, offering endless possibilities for businesses or investors looking to capitalize on its strategic location. Generous acreage suitable for a variety of commercial uses. Flexible zoning to accommodate retail, office, or mixed-use developments. Access to essential utilities, including water, electricity, and sewer connections.This 3,080+/- SF retail space is located within Walmart Supercenter Plaza, a premier shopping center designed to cater to national tenants. Anchored by a top-performing Walmart Supercenter, which ranks in the top 5% of Walmart locations nationwide with estimated annual sales nearing $200 million, this center offers unparalleled visibility and customer traffic. Walmart's lease extends through 2031, with an additional 10-year renewal option, ensuring long-term stability. The shopping center features a robust lineup of national tenants, including BJ's Wholesale Club with gas, Home Depot, 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 demonstrated their commitment to the location by extending their leases to align with Walmart's lease expiration. Walmart Plaza benefits from its proximity to St. Bonaventure University, located less than half a mile away, which is home to approximately 2,500 students and faculty. The center also draws customers from the surrounding towns of Allegany and Olean, as well as the broader region, making it the dominant shopping destination in the area. The property includes multiple large pylon signs, providing excellent visibility for tenants. With 2,000+/- parking spaces that remain consistently full, the center ensures convenience for shoppers.
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Highlights

  • 3,080+/- SF Retail Space
  • Excellent Location
  • Infrastructure already in Place
  • Located within the Walmart Supercenter Plaza
  • Over 16,000 AADT on W. State Street
  • Two (2) Signalized entrances
  • Visibility from I-86 and West State Street

Spaces Available

Contacts

broker

Recckio Real Estate & Development

Location

Getting Around

  • Walk Score ®

    47/100 Car-Dependent
  • Bike Score ®

    51/100 Bikeable
Powered by Walk Score ®
  • City Olean, NY
  • Zip Code 14760

Points of Interest

  • Kwik Fill

    0.14 miles

  • Town of Allegany Garage

    1.58 miles

  • Truck Parking

    3.67 miles

  • Portville CSD Elementary Parking

    7.66 miles

  • Portville CSD Temporary Parking

    7.72 miles

  • Lake View Chinese Restaurant

    0.20 miles

  • Perkins

    0.39 miles

  • Dunkin'

    0.44 miles

  • McDonald's

    0.50 miles

  • Mangia's 2.0

    1.65 miles

  • Old Library Restaurant

    1.99 miles

  • Wendy's

    2.02 miles

  • Burger King

    2.07 miles

  • Sprague's Maple Farms

    7.84 miles

  • Walmart Supercenter

    0.10 miles

  • ALDI

    0.42 miles

  • Tops

    0.61 miles

  • Ried's Food Barn

    2.09 miles

Frequently Asked Questions

How much does retail space at 3142 West State Street cost?

The asking price for retail space at 3142 West State Street is $16.00/SF/YR. Pricing of commercial spaces is largely dependent on things like location — especially proximity to areas that can be easily reached by car or public transit or enjoy high foot traffic — the overall size, features and condition of the space, and the lease structure. Safety and security in the area can also play an important role in choosing the most suitable retail space for a business.

What kind of retail space can I rent at 3142 West State Street?

The property has 3,080 square feet of rentable Retail space. Rental opportunities here are available under NNN lease terms.

The building accommodates a Multi-Tenant lease setup. Use the contact form at the top of this page to schedule a tour of the property with a broker and get further details on this listing.

How many parking spots are available at 3142 West State Street?

Reach out to the listing broker for more information on vehicle access and parking options at or near this property, as well as additional amenities that complement the retail experience at 3142 West State Street. You can find 1 fuel station(s) within a 0.5-mile radius.

Are there any potentially competing retail businesses in the area?

Yes, there are 5 spaces zoned for retail use within a 0.5-mile radius of 3142 West State Street.

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broker

Recckio Real Estate & Development

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