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720 Wayne Street

Olean-City, NY 14760
  • $249,900
  • STATUS: Active
  • ON SITE: 106 Days
  • MLS #: R1569047
UPDATED: 33 min ago
$249,900
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,292
    SQFT
  • $58
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1920
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

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! 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 restaraunt, 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.

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©2025 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor RPP Team | High Falls Sotheby's International Realty shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than RPP Team | High Falls Sotheby's International Realty are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2025-01-16T07:14:18.67.
www.highfallssir.com/homes/156102394
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720 Wayne Street Olean-City, NY 14760

  • Price: $249,900
  • Status: Active
  • On Site: 106 Days
  • Updated: 33 min ago
  • MLS #: R1569047
0
Beds
0
Baths
0
½ Baths
0.15
Acres
4,292
SQFT
$58
$/SQFT
1920
Built
Neighborhood:
Olean-City-041200
County:
Cattaraugus
Area:
Olean-City-041200
Elementary School:
Washington West Elementary
Middle School:
Olean Middle
High School:
Olean Senior High
School District:
Olean
Property Description
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! 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 restaraunt, 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.
Exterior Features

Parking Features Driveway On Site Parking Total 18 Roof Asphalt Waterfront YN No

Interior Features

Fireplace YN No Fireplaces Total 0 Heating Gas Forced Air Heating YN Yes Levels Two Living Area 4292

Property Features

Business Type Food & Beverage Restaurant Bar / Tavern / Lounge Documents Available Aerial Inclusions Land Building and Business Lease Considered YN No Listing Terms Cash Possession Close Of Escrow Possible Use Residential Retail Property Condition Resale Property Sub Type Business Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 3197 Utilities Sewer Connected Water Connected Water Source Public Year Built Details Existing Zoning COM-1 Zoning Description Commercial

Greater Rochester Association of Realtors logo Listing information © 2025 CNYIS, GENRIS, WNYREIS. Listing provided by Paul Pezzimenti of Howard Hanna Professionals : 716-378-7039.
©2025 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor RPP Team | High Falls Sotheby's International Realty shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than RPP Team | High Falls Sotheby's International Realty are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2025-01-16T07:14:18.67.
 
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Rochester NY, 14618