Remarks

Prime Investment Opportunity - Established Restaurant with Apartments & Retail Space in High-Traffic Olean Location. Don't miss this incredible chance to own a fully operational restaurant on one of the most highly traveled roads in Olean! The property has been completed remodeled including the first floor and the apartments to today's code including the electrical, the plumbing systems, and the insulation. With updated restaurant appliances this property is ready for you to step in day 1. Positioned for success, this bustling location offers unbeatable visibility, with ample parking for 18 vehicles, making it easy for customers to visit and stay a while. This versatile property comes with two apartments above the restaurant, currently generating a total of $1,500 in monthly rental income- perfect for supplementing your investment. Whether you're an experienced restaurateur or an aspiring entrepreneur, this property offers flexibility to fit your vision. There's even more potential for growth! A retail space, currently owner-occupied, can be easily converted into extra dining space or another revenue stream once the owner transitions. The possibilities are endless- expand the restaurant, lease the retail area, or explore other uses to maximize your investment.

Details

MLS#: R1598854
Price: $199,900

Style: Business
Sq Ft: 4292
Year Built: 1920

County: Cattaraugus
Lot Size: 65X100
Tax Fee: 3212

School Elementary: Washington West Elementary
School Middle: Olean Middle
School High: Olean Senior High
School District: Olean