About This Home

This 0-bedroom, 0-bathroom commercial at 501 W State Street in Olean, NY is listed for $249,900 ($152 per sqft). Built in 1965, the home offers 1,640 sqft of living space on a 0.12 acres lot.

Key Features

  • Built in 1965
  • 0.12 acre lot
  • 15 parking spaces

Property Details

1 story
15 spaces
1965

Amenities

A/C
Listing Description

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.

Monthly Cost Estimate

$1,337/mo

20% down · 6.5% · 30 years

Principal$181
Interest$1,083
Insurance$73

Estimates only. Actual payments may vary.

Location

501 W State Street

Olean, NY 14760

Property Details

Heating

Forced AirNatural Gas

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 501 W State Street is listed at $249,900 ($152/sqft). The estimated monthly payment is $1,337 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1965, 0.12 acre lot, 15 parking spaces.

This property is listed by Paul Pezzimenti.

PP

Paul Pezzimenti

License 10301214758

Agent at Howard Hanna Holt Real Estate

Listed by Howard Hanna Holt Real Estate · Broker phone: (716) 269-4208 · Broker website

MLS# R1719161· Source: New York State Alliance of MLSs, LLC· 26 days on PropertySimple

Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

501 W State Street, Olean, NY 14760

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