309 N Union Street Olean, NY $ 299,900
309 N Union Street
$ 299,900
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309 N Union Street

Olean, NY, 14760
$ 299,900
Bedrooms-- Baths-- Sq 7,308

Monthly Estimate*

$ 1,847

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Commercial Property for sale in Olean, NY

for $299,900. This 7,308 square foot building was built in 1950 on a lot size of 0.0826.

Own a piece of local history with this incredible mixed-use opportunity located in the absolute heart of downtown Olean! This building formerly housed the legendary Village Green Pub. This well-known establishment holds memories for generations of locals, and now offers a blank canvas for the next visionary owner. The commercial ground-level features two expansive rooms ideal for reviving a bar or restaurant or launching a new retail concept, along with a significant undeveloped area that offers tremendous versatility. Use it to expand the kitchen, create more public floor space, or provide ample storage. The second floor provides immediate value, having been impressively remodeled to feature a sprawling layout with potential for a 4- to 7-bedroom apartment with two full bathrooms. This residential space offers unmatched flexibility, making it ideal for a large owner-occupied unit, high-yield student housing, or easy division into two apartments for dual income streams. With the residential renovations largely complete and a prime commercial footprint awaiting your touch, this property sits at the center of the downtown revitalization efforts. Whether you envision breathing new life into the Village Green or establishing a completely new venture with built-in residential income, this is a rare chance to acquire a cornerstone of the community.

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Commercial Active

Price

$ 299,900

Property Type

Commercial

Taxes

$ 6,734

Style

Business

Lot Size

0.0826

Year Built

1950

Town/City

Olean

County/Region

Cattaraugus

MLS | Web ID

R1656394

Features
General
Sewer PublicSewer
Heating Gas ForcedAir
Utilities SewerConnected
Possession CloseOfEscrow
Roof Flat Membrane Rubber
Zoning COM 1
School District Olean
Year Built 1950
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype Business
Business Type BarTavernLounge
County Cattaraugus
Property Type CommercialSale
Possible Use Office Residential Retail
Total Rooms 8
Status Active
Directions On Route 16
High School Olean Senior High
City Olean
High School District Olean
Zoning Description Commercial
Number Of Units Total 0
MLS Area Olean-City-041200
Lot Size Units Acres
Lot Size Square Feet 3600.0
Elementary School Washington West Elementary
Year Built Details Existing
Tax Annual Amount 6734.0
Middle/Junior High School Olean Middle
Property Condition Resale
Lease Considered Y/N No
Virtual Tour https://tour.giraffe360.com/572ca2721a92428da19f5f477914cf31 https://tour.giraffe360.com/572ca2721a92428da19f5f477914cf31
Standard Status Active
Middle/Junior School District Olean
Elementary School District Olean
Tax Assessed Value 120000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 43
Property Sub Type Additional Business Office Retail Apartment
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Interior
Basement Full
Total Fireplaces 0
Total Stories 2
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Main Level Bathrooms 0
Total Baths 0
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Exterior
Lot Features Rectangular RectangularLot
Total Parking 0.0
Inclusions Land and Building
Lot Size Area 0.0826
Number of Buildings 1
Building Area Total 7308.0
Lot Dimensions 36X100
Lot Size Acres 0.0826
Waterfront Y/N No
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Internal Only
Street Number 1 309
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* Excluded Features
List By
Howard Hanna Professionals - Olean

Broker

(716) 378-7039

Phone

Affordability Calculator

$2,408
Per Month
77%
23%
0%
Monthly Principal & Interest
$1,847
Monthly Property Taxes
$561
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3323605 Elementary School
3323364 Middle School
Olean Senior High High School
Pricing History
DatePricePrice ChangeDescription
1/5/2026$299,900 Listed Price

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309 N Union Street, Olean, NY, 14760 is a Commercial Property for sale at $299,900 with 7,308 sqft and a lot size of 0.0826. 309 N Union Street was built in 1950. The property's zip code is 14760 which is in Olean, NY