133 Independence Dr
- 2.61 +/- Acres of Buildable Vacant Land
- Located within the Walmart Supercenter Plaza
- Excellent Location
- Zoned for commercial use
- Strong infrastructure in place
- Additional 3.71+/- Acres Vacant Land available for sale
- Over 16,000 AADT on W. State Street
Property Description
This 2.61+/- Acres of vacant land located at 133 Independence Drive in Olean, NY, 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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $500,000 |
| Year Built: | 1972 |
| Lot Size: | 2.61 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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