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About This Home

This 0-bedroom, 0-bathroom commercial at 309 N Union Street in Olean, NY is listed for $279,900 ($38 per sqft). Built in 1950, the home offers 7,308 sqft of living space on a 0.08 acres lot.

Agent Description

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.

Key Features

  • Built in 1950
  • 0.08 acre lot
  • 2 stories

Property Details

2 stories
1950

Monthly Cost Estimate

$1,497/mo

20% down · 6.5% · 30 years

Principal$202
Interest$1,213
Insurance$82

Estimates only. Actual payments may vary.

Location

309 N Union Street

Olean, NY 14760

Property Details

Heating

Forced AirNatural Gas

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 309 N Union Street is listed at $279,900 ($38/sqft). The estimated monthly payment is $1,213 based on 20% down at 6.5% interest.

Key features include: Built in 1950, 0.08 acre lot, 2 stories.

This property is listed by Paul Pezzimenti and can be reached at 7163787039 or PaulPezzimenti@howardhanna.com.

PP

Paul Pezzimenti

Agent at Howard Hanna Professionals - Olean

(716) 378-7039

Listed by Howard Hanna Professionals - Olean

MLS# R1656394· Source: listhub· Updated 147 days ago

Copyright © 2026 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.

309 N Union Street, Olean, NY 14760

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