$950,000
About this home
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.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.
- Real estate (PITI + HOA + PMI)
- $7,306
- Utilities
- $5,757
- Transportation
- $0
- Other (entertainment)
- $133
Quick facts
At a glance
Home features
Lot features
Rectangular, RectangularLot
Neighborhood — 14760
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 18,732 | 19,351,094 | 299,088,112 |
| Population Change Since1990 | -14.00% | 8.00% | 20.00% |
| Population Density | 294 | 395 | — |
| Male | 8,861 | 9,381,926 | 147,432,321 |
| Female | 9,871 | 9,969,168 | 151,655,844 |
| Never Married | 4,428 | 4,946,391 | 63,775,926 |
| Married | 7,258 | 7,166,701 | 123,120,365 |
| Separated | 1,026 | 1,159,673 | 12,639,686 |
| Widowed | 1,367 | 1,110,245 | 15,467,586 |
| Divorced | 1,465 | 1,210,448 | 23,075,029 |
| Number Of House Hold | 7,099 | 7,102,016 | 111,826,380 |
| Average House Hold Size | 2.44 | 2.64 | 2.60 |
| Medial Age | 37.05 | 36.53 | 35.46 |
| Median House Hold Income | $35,386 | $49,847 | $48,276 |
| Average House Hold Income | $46,879 | $70,032 | $63,629 |
| P C I | $18,889 | $26,569 | $24,529 |
| M D I | $31,259 | $42,210 | $41,133 |
| A T H E | $41,723 | $54,185 | $50,898 |
| S T R | 8.00% | 4.00% | — |
| W C J | 84.88% | 81.55% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
Open in Google Maps →Listing information last refreshed 4/14/2025. Provided courtesy of Howard Hanna Professionals via Buffalo MLS. Information deemed reliable but not guaranteed.