Dan Eaton Dr. - 3.71+/- Acres Buildable Vacant Land

1900 Dan Eaton Dr, Olean, NY 14760

Accepting Offers
Dan Eaton Dr. - 3.71+/- Acres Buildable Vacant LandDan Eaton Dr. - 3.71+/- Acres Buildable Vacant LandDan Eaton Dr. - 3.71+/- Acres Buildable Vacant LandDan Eaton Dr. - 3.71+/- Acres Buildable Vacant Land
Asking Price

$300,000

Dan Eaton Dr. - 3.71+/- Acres Buildable Vacant Land

1900 Dan Eaton Dr, Olean, NY 14760

Asset Type: Real Estate

Estate: Fee Simple

Land Area: 3.71 Acres

Property Type: Land

Year Built: 1972

Investment Highlights

  • 3.71+/- Acres of Buildable Vacant Land
  • Located within the Walmart Supercenter Plaza
  • Excellent Location
  • Zoned for commercial use
  • Strong infrastructure in place
  • Additional 2.61+/- Acres Vacant Land available for sale
  • Over 16,000 AADT on W. State Street

Dan Eaton Dr. - 3.71+/- Acres Buildable Vacant Land

This 3.71+/- Acres of vacant land is part of a thriving business center anchored by a top-performing Walmart Supercenter. As one of the top 5% performing Walmart locations, this store generates significant foot traffic, with estimated annual sales nearing $200 million. Walmart's lease extends through 2031, with an additional 10-year renewal option, ensuring long-term stability. The 2,000 parking spaces surrounding Walmart are frequently full, even on weekdays, highlighting the center's popularity. The Walmart Supercenter Plaza boasts an impressive lineup of national tenants, including Home Depot, BJ's Wholesale Club with gas, AMC Theaters, Old Navy, Verizon, Bath & Body Works, GNC, Maurices, SuperCuts, Spectrum, GameStop, Pet Supplies Plus, Sally Beauty, Shoe Show, and Zoom Tan. These tenants have extended their leases to align closely with Walmart's lease expiration, demonstrating their commitment to the location. Additional features include multiple large pylon signs, offering excellent visibility for new tenants or owners. The center benefits from its proximity to St. Bonaventure University, located less than half a mile away, which provides a steady stream of potential customers. The existing infrastructure, including sewer, water, roadways, and power, is already in place, allowing new owners to focus on obtaining permits and building. The current operator of the business center, excluding Home Depot, provides comprehensive management services, including snow plowing, landscaping, parking maintenance, cleaning, lighting maintenance, and pylon sign upkeep. This ensures a hassle-free experience for new owners, who can benefit from the established management structure. This property represents a rare opportunity to invest in a high-performing commercial hub with a proven track record of success.

Sale FAQs

Investment Sales Broker

Rick Recckio

Rick Recckio

Recckio Real Estate & Development

NY License: 31RE0821429

Phone: XXXXXXXXXX

Email: XXXXXXXXXXXXXXXX

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