501 W State StreetOlean, NY 14760

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.

Property Information

Property type

Commercial Sale

Year built

1965

Stories

1

Living area

1,640 Sq Ft

Lot size

0.12 acres

Lot dimensions

86X62

Parking spaces

15

Zoning

COM 1

Days on market

4

MLS^® Listing#

R1719161

Property Features

Cooling

Central Air

Heating

Forced Air · Natural Gas

Basement

None

Lot features

Rectangular Lot

Roof

Membrane · Rubber

Utilities

Electricity Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Washington West Elementary

Middle

Olean Middle

High

Olean Senior High

Financial Details

Annual taxes

$7,676

Assessed value

$130,000

Parcel number

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