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Property at 309 N Union Street, Olean, NY 14760
ACTIVE
$20,000
$279,900

309 N Union StreetOlean, NY, 14760

7,308 SqFt0.0826 Acres
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.
1 / 29

Est. Monthly

$1,327/MO

$279,900
$20,000

309 N Union Street, Olean, NY

7,308 SqFt0.0826 Acres

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.

StatusActive
Property TypeCommercial Sale
Property SubtypeBusiness
Year Built1950
Total Rooms8 rooms
Days on Market155 days

Est. Monthly Payment

$1,326.72

%
%
yr

Private Mortgage Insurance

Not required

Affordability Checkoptional
$

Enter your annual income to check affordability

Property Details

Property Information

309 N Union Street

Olean, NY 14760 • Cattaraugus
—
Beds
—
Baths
7,308
SqFt
0.0826
Acres
Status
Active
Property Type
Commercial Sale
Property Subtype
Business
Year Built
195076 years ago
Total Rooms
8 rooms
Days on Market
155 days
Tax History
Estimated values, may not reflect current amounts.
  • Annual Tax Amount
    $6,734
Property History
  • Price reduced
    Mar 8, 2026 • NYSAMLS • R1656394
    $299,900 → $279,900
  • Listed for sale
    Jan 5, 2026 • NYSAMLS • R1656394
    $299,900
Mortgage Calculator
Estimated monthly payment for this property
$1,326.72
Down Payment
Interest Rate
Loan Term
%
%
yearsyrs.
Affordability Checkoptional
$

Enter your annual income to see if this home fits your budget

Private Mortgage Insurance

Not required — down payment above 20%
MLS Information
  • Source
    NYSAMLS
  • MLS#
    R1656394
  • Listing Office
    Howard Hanna Professionals - Olean
  • Last Updated
    53 days ago

Climate & Systems

  • Heating
    • Gas
    • Forced Air

Interior Features

  • Basement
    Full

Lot & Grounds

  • Lot Size
    0.0826 acres
  • Lot Features
    • Rectangular
    • Rectangular Lot

Type

  • Property Type
    Commercial Sale
  • Property Subtype
    Business

Structure

  • Roof
    • Flat
    • Membrane
    • Rubber

Condition

  • Year Built
    1950
  • Condition
    Resale
  • Days on Market
    155 days
  • Water
    None
  • Sewer
    Public Sewer
  • Utilities
    Sewer Connected

607-282-6242, (607) 282-6242, or +1 607 282 6242

Kevin Lucero

Kevin Lucero

Lic. Real Estate Salesperson

CallEmail
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