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1743 Plaza Dr
Olean, NY 14760

Shops at Walmart Plaza · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Building Size
53,900 SF
Building Class
C
Year Built/Renovated
1977/1989
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
4.00 AC
Zoning
C2
Parking
1,200 Spaces (2.99 Spaces per 1,000 SF Leased)
Frontage
534 FT on Plaza Dr

About 1743 Plaza Dr , Olean, NY 14760

– The Shops at Walmart Plaza is shadow anchored by Walmart Supercenter, the largest retailer in the World by revenue with fiscal year 2019 revenue exceeding $514 billion. – The Shops at Walmart Plaza features a synergistic tenant line-up comprised of mainly national tenants, as well as a few local/regional operators. 87% of the tenancy is made up by national tenants, featuring household names such as Old Navy, Pet Supplies Plus, Shoe Dept, Maurice’s, Olympia Sports, Supercuts, Spectrum, GameStop, Sally Beauty, and GNC. – The Property is situated along W State St/Rt 417 (15,630 VPD), the main east-west lateral that runs through the Olean submarket. With two signalized intersections providing access into the center, along with three additional ingress/egress access points, the center’s ideal location provides outstanding access to both a local and regional customer base. – Offered free and clear of any existing financing, a new investor can take advantage of historically low interest rates and ample availability in the capital markets to significantly enhance returns through aggressive capitalization structures.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
042089-094-061-0002-006-000-0000
Land Assessment
$400,000
Improvements Assessment
$2,300,000
Total Assessment
$2,700,000
  • Listing ID: 18601975

  • Date on Market: 2/21/2020

  • Last Updated:

  • Address: 1743 Plaza Dr, Olean, NY 14760

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