265 N. Union St. - Former Rite Aid with Drive Thru

265 North Union Street, Olean, NY 14760

Property Information

  • For Sale Call for Details
  • Property Type Retail - Street Retail
  • Property Size 11,399 SF
  • Lot Size 1.44 Acre
  • Property Tenancy Single Tenant
  • Year Built 1999
  • Date Updated May 16, 2026

Description

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.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.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.

Highlights

  • Drive-Thru: Yes
  • Frontage: ±269 ft on N. Union St; ±188 ft on W. Sullivan St
  • Investment Type: Redevelopment / Re-tenanting opportunity
  • Parking: 50 surface spaces
  • Strong area demographics with ±23,304 population within 5 miles and HH income of ±$70,519.
  • Tenancy: Vacant
  • Traffic Counts: 10,508 VPD on N. Union; 2,972 VPD on W. Sullivan

Contacts

Rick Recckio

Recckio Real Estate & Development

Location

Contact Listing Broker
Rick Recckio

Recckio Real Estate & Development

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.