Average square foot calculated using Size range provided by listing agent.
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 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.
MLS® NumberR1598854
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1920
Stories2
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatGas, Forced Air
A/C
Heating Fuel
Extras
Land, Building and Business
720 Wayne St, Olean, NY
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