242 N Union Street, Olean-City NY 14760

$199,900

242 N Union Street, Olean-City, NY 14760

bedrooms

bathrooms

square feet

4,750

Acreage

0.1

Open Houses

year built

1870

Full Baths

Half Baths

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Discover an exceptional commercial opportunity in the heart of downtown Olean directly adjacent to Jamestown Community College. This versatile property, currently configured as a fully operational medical office, offers endless possibilities for entrepreneurs, investors, or business owners looking to expand their footprint. The main floor is designed with reception areas, private offices, exam rooms, and a functional kitchen at the rear—ideal for staff breaks or catering services. Enjoy abundant storage options, including an unfinished upstairs area that can be customized to fit your unique business needs. Unlock additional revenue streams by converting a portion of the building into residential living space, capitalizing on the growing demand for mixed-use properties. Seven dedicated parking spaces just off Hamilton Street make visiting or residing here hassle-free. Nestled in downtown Olean, this property offers unbeatable visibility and easy access for clients, customers, and residents. Whether you envision a thriving medical practice, professional office, creative studio, or live-work space, this property provides the foundation for success. Its adaptable layout and central location make it an ideal investment for a wide range of commercial and residential uses. Seize this rare opportunity to own a flexible commercial property with income-generating potential in one of Olean's most sought-after areas. Schedule your private tour today and explore the future of your business or investment portfolio!

Location
Subdivision	-
County	Cattaraugus
Elementary School	East View Elementary
Middle School	Olean Middle
High School	Olean Senior High

Driving directions

Open houses

None scheduled.

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MLS number: R1581217

Listing agent: Paul Pezzimenti #10301214758

Listing broker: Howard Hanna Holt Real Estate (716) 269-4208

Copyright © 2025 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Wednesday, January 15 2025 at 2:19 a.m. EST

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