Remarks

Turnkey Restaurant & Multi-Unit Investment Opportunity – Olean, NY

Don't miss this incredible opportunity to own a fully operational restaurant with rental income potential in the heart of Olean. Originally two buildings combined into one, this impressive 3-story structure offers a unique blend of commercial and residential space, ideal for investors or owner-operators.

The main level is home to a spacious, fully-equipped restaurant featuring two bars, ample dining space, a commercial kitchen, and a full basement for storage. Whether you're expanding an existing concept or launching a new one, this space is ready for business.

The second floor includes a fully rented 2-bedroom apartment, a vacant unit currently under renovation, and a shared laundry area for tenant convenience. On the third floor, you'll find two 1-bedroom apartments and one 2-bedroom apartment, all of which have been fully remodeled with modern finishes.

This mixed-use property offers both immediate income and long-term upside, with high visibility and a prime location in Olean’s growing downtown district. Whether you're looking for a restaurant, a live/work setup, or a strong addition to your investment portfolio, this property has it all.

Details

MLS#: R1599642
Price: $950,000

Style: Apartment
Sq Ft: 9954
Year Built: 1890

County: Cattaraugus
Lot Size: 21X89
Tax Fee: 16505

School District: Olean