501 W State ST, Olean, NY 14760
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501 W State ST, Olean, NY 14760
501 W State ST, Olean, NY 14760
501 W State ST, Olean, NY 14760
501 W State ST, Olean, NY 14760
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Michelle Thompson

Michelle Thompson

+1(315) 794-3260
$ 250,000
Est. payment /mo
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Price Dropped by $25K

501 W State ST Olean, NY 14760

1,640 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 1,640 sqft

Price per Sqft $152

MLS Listing ID R1658022

Construction Status Existing

HOA Y/N No

Year Built 1965

Annual Tax Amount $7,297

Lot Size 5,392 Sqft

Acres 0.1238

Lot Dimensions 86X62

Property Sub-Type Business

Property Description

This well-established restaurant on West State Street in the heart of Olean offers a rare opportunity to own a business in a high-traffic location. Situated at the corner of 4th Street and West State, this property has been a community staple for years, offering excellent visibility and easy access for customers. With a $20+ million construction project planned on West State St, this is the perfect time to invest. With great kitchen space and approximately 15 off-street parking spaces, a valuable asset in this busy area. All kitchen equipment is included. This is a turnkey opportunity for a restaurateur looking to continue a long-standing tradition or introduce a new concept in a proven location. With strong local recognition and unmatched exposure, this property is ready for its next owner. Schedule a showing today to explore this exceptional business opportunity.

Location

State NY

County Cattaraugus

Area Olean-City-041200

Zoning COM 1

Direction On Route 417

Rooms

Basement None

Interior

Heating Gas, Forced Air

Cooling Central Air

Inclusions Land, Building and Business

Fireplace No

Exterior

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Roof Type Membrane,Rubber

Total Parking Spaces 15

Building

Lot Description Rectangular, Rectangular Lot

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Construction Status Existing

Schools

Elementary Schools Washington West Elementary

Middle Schools Olean Middle

High Schools Olean Senior High

School District Olean

Others

Tax ID 041200-094-064-0014-004-000-0000

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Listed by Howard Hanna Professionals - Olean 716-378-7039

NEARBY SCHOOLS & PROPERTIES

Michelle Thompson

Michelle Thompson

Lic. RE Salesperson | License ID: 40FA1156159

+1(315) 794-3260

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