# 659 E State Street, Olean, NY 14760 > **TL;DR:** commercial, $249,919 ($41/sqft), built 1931, 6,040 sqft. Est. $1,337/mo. Listed 7 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $249,919 | | Price/sqft | $41 | | Square Feet | 6,040 | | Year Built | 1931 | | Lot Size | 4,500 sqft (0.10 acres) | | Stories | 2 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 7 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,264 | | Estimated Insurance | $73 | | **Total** | **$1,337** | ## Nearby Schools - **Elementary:** East View Elementary - **Middle:** Olean Middle - **High:** Olean Senior High ## Property Highlights - Built in 1931 - 0.10 acre lot - 2 stories - 20 parking spaces ## Description ### Agent Description The Parkwood: A Name Olean Already Knows You can build a bar. You can't build a reputation. This one came with the building. The Parkwood has been a fixture on East State Street for years, and it's still going strong with wings and pizza out of the kitchen, live bands on the weekends, and a room that fills up for Bills Sundays as a home base for the Bills Backers of Olean. The regulars, the name, the rhythm of a good Friday night: all of it is already here and already working. That's the piece no amount of renovation money can buy. What sets this property apart is everything around the bar. A huge side deck opens the place up all summer. A large private parking lot plus street parking on top of it means a sold-out show, a fundraiser, or a packed watch party doesn't run into the wall that stops most downtown taverns cold. There's room here for the big night, and room for the crowd to park. Then the investment side. Five residential units convey with the sale: three apartments directly above the bar, plus a separate duplex included in the package. That's six income streams under one closing, with the flexibility to pour the drinks yourself or keep the bar leased and simply collect. The capital worries are handled where it counts. A new roof is going on the bar, and the duplex roof is fairly new, too. Investment highlights 6 income streams: the Parkwood on the main floor plus 5 residential units Established tavern with a real local following - wings, pizza, live music, Bills watch parties Huge side deck built for warm-weather crowds Large private parking lot plus street parking - rare for a bar of this type New roof on the bar this fall; duplex roof fairly new Owner-operate the bar or lease it out and hold a stabilized six-unit property Come see the Parkwood and make it your own. ## Location - **Address:** 659 E State Street, Olean, NY 14760 - **County:** Cattaraugus - **Coordinates:** 42.077441, -78.417463 - **Google Maps:** https://www.google.com/maps?q=42.077441,-78.417463 ## Virtual Tour & Media - **Video Tour:** https://tour.giraffe360.com/6a170c4300a84b7aa2d405e10ad2ef84 ## Listing Agent - **Name:** Paul Pezzimenti · **License:** 10301214758 - **Brokerage:** Howard Hanna Holt Real Estate - **Phone:** 7163787039 - **Broker Phone:** (716) 269-4208 - **Listing URL:** [View original listing](https://listings.listhub.net/pages/BNARNY/R1713624/?channel=propsimple) ## Photos ![659 E State Street - Photo 1](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f420593435r.jpg) ![659 E State Street - Photo 2](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f164255959r.jpg) ![659 E State Street - Photo 3](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f2045048900r.jpg) ![659 E State Street - Photo 4](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f2749242620r.jpg) ![659 E State Street - Photo 5](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f1601107182r.jpg) ![659 E State Street - Photo 6](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f3141640320r.jpg) ![659 E State Street - Photo 7](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f781107837r.jpg) ![659 E State Street - Photo 8](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f1688670067r.jpg) ![659 E State Street - Photo 9](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f225302458r.jpg) ![659 E State Street - Photo 10](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f885380363r.jpg) ![659 E State Street - 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Photo 21](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f19320457r.jpg) ![659 E State Street - Photo 22](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f3080195573r.jpg) ![659 E State Street - Photo 23](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f3069023822r.jpg) ![659 E State Street - Photo 24](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f703429615r.jpg) ![659 E State Street - Photo 25](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f143521227r.jpg) ![659 E State Street - Photo 26](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f1582514137r.jpg) ![659 E State Street - Photo 27](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f2366828435r.jpg) ![659 E State Street - Photo 28](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f3255680252r.jpg) ![659 E State Street - Photo 29](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f700008522r.jpg) ![659 E State Street - Photo 30](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f1758892971r.jpg) ![659 E State Street - Photo 31](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f1511876944r.jpg) ![659 E State Street - Photo 32](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f1460798923r.jpg) ![659 E State Street - Photo 33](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f1550204753r.jpg) ![659 E State Street - Photo 34](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f3007955772r.jpg) ![659 E State Street - Photo 35](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f2405711947r.jpg) ![659 E State Street - Photo 36](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f2544981989r.jpg) ![659 E State Street - Photo 37](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f4128620734r.jpg) ![659 E State Street - Photo 38](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f3255141458r.jpg) ![659 E State Street - Photo 39](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f1953026620r.jpg) ![659 E State Street - Photo 40](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f2279510904r.jpg) ![659 E State Street - Photo 41](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f3079468917r.jpg) ![659 E State Street - Photo 42](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f3711139429r.jpg) ![659 E State Street - Photo 43](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f4219555649r.jpg) ![659 E State Street - Photo 44](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f195032152r.jpg) ![659 E State Street - Photo 45](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f2804430867r.jpg) ![659 E State Street - Photo 46](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f2428067812r.jpg) ![659 E State Street - Photo 47](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f2267348404r.jpg) ![659 E State Street - Photo 48](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f2093396632r.jpg) ![659 E State Street - Photo 49](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f3824994344r.jpg) ![659 E State Street - Photo 50](http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f1835456983r.jpg) --- **MLS#:** R1713624 | **Updated:** 2026-09-12 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/659-e-state-street-olean-ny-14760-r1713624) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/659-e-state-street-olean-ny-14760-r1713624#listing", "url": "https://www.propertysimple.ai/listing/659-e-state-street-olean-ny-14760-r1713624", "name": "659 E State Street, Olean, NY 14760", "description": "The Parkwood: A Name Olean Already Knows You can build a bar. You can't build a reputation. This one came with the building. The Parkwood has been a fixture on East State Street for years, and it's still going strong with wings and pizza out of the kitchen, live bands on the weekends, and a room that fills up for Bills Sundays as a home base for the Bills Backers of Olean. The regulars, the name, the rhythm of a good Friday night: all of it is already here and already working. That's the piece no amount of renovation money can buy. What sets this property apart is everything around the bar. A huge side deck opens the place up all summer. A large private parking lot plus street parking on top of it means a sold-out show, a fundraiser, or a packed watch party doesn't run into the wall that stops most downtown taverns cold. There's room here for the big night, and room for the crowd to park. Then the investment side. Five residential units convey with the sale: three apartments directly above the bar, plus a separate duplex included in the package. That's six income streams under one closing, with the flexibility to pour the drinks yourself or keep the bar leased and simply collect. The capital worries are handled where it counts. A new roof is going on the bar, and the duplex roof is fairly new, too. Investment highlights 6 income streams: the Parkwood on the main floor plus 5 residential units Established tavern with a real local following - wings, pizza, live music, Bills watch parties Huge side deck built for warm-weather crowds Large private parking lot plus street parking - rare for a bar of this type New roof on the bar this fall; duplex roof fairly new Owner-operate the bar or lease it out and hold a stabilized six-unit property Come see the Parkwood and make it your own.", "image": [ "http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f420593435r.jpg", "http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f164255959r.jpg", "http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f2045048900r.jpg", "http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f2749242620r.jpg", "http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f1601107182r.jpg", "http://lh.rdcpix.com/917227874a01e1d8886d9d0c0b2e03cel-f3141640320r.jpg", 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