$199,900
About this home
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! The property has been completed remodeled including the first floor and the apartments to today's code including the electrical, the plumbing systems, and the insulation. With updated restaurant appliances this property is ready for you to step in day 1. 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.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.15% APR.
- Real estate (PITI + HOA + PMI)
- $1,986
- Utilities
- $2,723
- Transportation
- $0
- Other (entertainment)
- $133
Quick facts
Home features
Lot features
Rectangular, RectangularLot
Schools
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 - Olean via Buffalo MLS. Information deemed reliable but not guaranteed.