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186-188 N Union St

olean, NY 14760

$950,000

    INTERESTED? LET'S CONNECT

    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.

    Details

    9,954 Sq Ft

    1,914 Sq Ft Exterior Space

    Commercial

    $16,505 Annual Tax

    Built in 1890

    MLS/Listing ID R1599642

    3 Stories

    Amenities & Features

    Rubber

    Membrane

    Flat

    Parking - Common

    Heating - Gas

    Construction - Masonry

    Construction - Brick

    REGIS HANDLEY - 716-307-9256

    NYS

    Source of Data: NEW YORK STATE MLS

    Interested in 186-188 N Union St?