$249,900

501 West State Street, Olean NY, 14760

Price per sqft$152.38

Built in1965

Property size1,640 sqft

Property typeCommercial

Overview

Active

Listed Oct 1, 2026

Updated 9 days ago

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.

Additional information

MLS^® ID: R1719161

Interior Features

Bathrooms: 0
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.12 Acres

Other Property Details

Taxes: $7,676
Tax Frequency: Annually

Courtesy of Howard Hanna Professionals - Olean, Paul Pezzimenti

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Disclaimer: 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), Bonnie Pagano Team, nor Luxury Presence shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

Data last updated 4:31 AM UTC, 10/2/2026