Courtesy: Howard Hanna Professionals - Olean
716-372-1155
This commercial property is located on a heavily travelled street in West Olean. The first floor offers many opportunities from retail to office space. The property has several rental units for additional income. To the rear of the building, there is an additional lot with sveral parking spaces. It also has access from South 12th Street and South 13th Street. See attached map.
Courtesy: Century 21 Turner Brokers
716-763-7506
Auto Repair Shop-Do not miss this incredible established business/investment opportunity, which has been in service for 23 years, and to purchase a successful 9,600 square foot auto repair shop located on NYS RTE. 16, with high visibility, high traffic count, and 40+ surfaced parking spaces on both sides of the shop and in front. Has 2 ten foot overhead bay doors with two car lifts. Take advantage of this freestanding turnkey cash-flowing commercial asset with an attached office/main lobby that is ideal for customer intake and waiting room. There is also a utility/storage room at the back of the main office/lobby area with attached Semi Trailer for extra storage. There's a half bath, pellet stove for backup heat, water tank and breaker box. The garage area is heated with a forced air overhead blower. Equipment, tools, Office furniture, Exhaust inventory, and NYS Inspection Machine, and more, will transfer upon purchase. Ask for the list of Equipment that will transfer. Also, established repeat customer list will be transferred. There are two lots totaling 1.4 acres. The back vacant lot has an extra septic that has not been used for some time. There used to be two mobile homes on the back lot. No underground storage tanks. Electric hot water tank Rubber roof is 20 years old. Seller will allow new owner to keep the name if they want to and will stay on to help with getting them established if needed.
Courtesy: ERA Team VP Real Estate
716-372-2234
Great investment opportunity on highly visible West State Street! This mixed-use commercial/residential property offers 6 total units and approximately 6,100 sq ft of income-producing space. The building features two street-level commercial storefronts (one currently occupied) and four fully rented upper-level apartments totaling 3,060 sq ft, including one 2-bed/1-bath and three 1-bed/1-bath units. Updates include a new roof (2022) and some newer windows. Great opportunity for an owner-operator looking to run a business while generating rental income, or for investors seeking a solid commercial asset in a prime location.
Courtesy: Howard Hanna Professionals - Olean
716-372-1155
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.
Courtesy: Howard Hanna Professionals - Olean
716-372-1155
Own a piece of local history with this incredible mixed-use opportunity located in the absolute heart of downtown Olean! This building formerly housed the legendary Village Green Pub. This well-known establishment holds memories for generations of locals, and now offers a blank canvas for the next visionary owner. The commercial ground-level features two expansive rooms ideal for reviving a bar or restaurant or launching a new retail concept, along with a significant undeveloped area that offers tremendous versatility. Use it to expand the kitchen, create more public floor space, or provide ample storage. The second floor provides immediate value, having been impressively remodeled to feature a sprawling layout with potential for a 4- to 7-bedroom apartment with two full bathrooms. This residential space offers unmatched flexibility, making it ideal for a large owner-occupied unit, high-yield student housing, or easy division into two apartments for dual income streams. With the residential renovations largely complete and a prime commercial footprint awaiting your touch, this property sits at the center of the downtown revitalization efforts. Whether you envision breathing new life into the Village Green or establishing a completely new venture with built-in residential income, this is a rare chance to acquire a cornerstone of the community.
Courtesy: Real Estate Pros & More
716-372-7100
OLEAN. GREAT LOCATION FOR THIS 3 STORY MIXED USE BUILDING. IMAGINE HAVING YOUR BUSINESS OFFICE ON THE FIRST FLOOR WITH LIVING QUARTERS ON THE SECOND FLOOR OR RENTAL INCOME FROM THE 2 BEDROOM APARTMENT. SEPARATE UTILITIES. 2 WATER METERS, 2 ELECTRIC METERS, 2 GAS METERS. ALL APPLIANCES INCLUDED. WASHER AND DRYER HOOKUPS ON BOTH THE FIRST AND SECOND FLOOR. LARGE AREA FOR OFF STREET PARKING. INTERIOR HAS BEEN NEWLY REMODELED AND FRESHLY PAINTED. NEWER HOT WATER TANKS. SO MANY POSSIBILITIES. CHECK THIS OUT!. THIS PROPERTY IS ALSO LISTED UNDER MULTI-FAMILY MLS #R1655774.
Courtesy: RE/MAX On Point
716-373-7325
Rafis is an upscale-casual venue that is known for their Mediterranean Fusion cuisine, but they also carry a variety of American food. Huge outdoor covered patio and covered deck that was added that serves great for entertainment nights. They have also recently added an approximate 24 foot by 10ft outdoor kitchen that features a clay oven with outdoor grill. It is beautifully designed and has marble countertops. The inside bar makes for a perfect night out to unwind and enjoy the ambiance. Gas lines have been run to heat the patio during colder weather with heaters. Rafis have thought of everything to make this Restaurant the perfect hotspot! For those warm summer nights, they have added cooling zones. The decor both inside and out tastefully done! some inventory and all of the equipment come with this package along with some of Aamir and Ambers favorite recipes if desired. Also for an extra bonus the Restaurant comes with an extra lot across the street 50 X 128 that could possibly be made into extra parking if needed. The parking lot behind Restaurant holds approximately 15 vehicles and has recently been topcoated. There is a nice doublewide shed for additional storage with extra freezer space. Great location and on one of the main streets with heavy traffic.
Courtesy: Howard Hanna Professionals - Olean
716-372-1155
Turn-key investment on Olean’s well-traveled E State Street offering visibility, access, and reliable cash flow. This four-story freestanding building features recently renovated professional office space with maintained mechanicals and a long-term tenant in place: a reputable law firm occupying two stories for over twelve years, currently leased through 2030 at $4,300/month. The property is performing at nearly an 11.5% cap rate (per seller) and includes approximately four on-site parking spaces; a neighboring parcel with roughly eight additional spaces is also available, but not included in the list price. A former medical clinic is directly connected to the building, creating excellent redevelopment potential and a variety of use paths under flexible zoning—ideal for professional offices, medical practices, banks and financial institutions, or even a future multi-family conversion, all surrounded by restaurants, gas stations, big-box and local retailers, banks, and other amenities. Strong numbers, high-visibility location, and multiple exit strategies make this a compelling addition to any portfolio. Rent roll and financials available upon request.
Courtesy: EXP-Premier Listings Team
888-276-0630
High-visibility commercial building on Route 417 in the Village of Allegany. This block-and-brick property offers excellent potential for a wide range of businesses with C2 Highway Commercial zoning. The building features a large open shop area with concrete floors, high ceilings, and an overhead bay entry for easy access. At the front, a dedicated office/showroom with large display windows provides street presence and natural light. Amenities include a restroom, utility area, and on-site parking. Recent updates include a new hot water tank and PEX plumbing upgrades, giving peace of mind and reducing future maintenance needs. The lot measures 57 x 125 ft (7,012 sq. ft.), and the location places you just minutes from Olean and St. Bonaventure University. With public utilities and steady traffic along Route 417, this property combines function, visibility, and investment potential. Whether you’re looking for an owner-occupied shop, rental investment, or redevelopment project, 3027 Route 417 is a versatile property ready for your next chapter.
Courtesy: Howard Hanna Professionals - Olean
716-372-1155
Prime commercial property available at the highly visible intersection of S 4th St and W State St in Olean. This 15,000+ square foot building, constructed in 1993, is situated on a 0.57-acre lot in a high-traffic area, making it an ideal location for businesses seeking maximum exposure. The property is in good overall condition, though the air conditioning units may require repair. The building features versatile commercial space suitable for retail, office, or mixed-use purposes, with a spacious rear warehouse area offering high ceilings, a mezzanine level for additional storage, and convenient loading/unloading access. This is an excellent opportunity for investors or businesses to capitalize on the property’s prime location and substantial square footage
Olean is located in New York. Olean, New York has a population of 13,941. Olean is more family-centric than the surrounding county with 32.02% of the households containing married families with children. The county average for households married with children is 27%.
The median household income in Olean, New York is $43,345. The median household income for the surrounding county is $53,537 compared to the national median of $69,021. The median age of people living in Olean is 38.9 years.
The average high temperature in July is 79.5 degrees, with an average low temperature in January of 13.4 degrees. The average rainfall is approximately 42.8 inches per year, with 75.6 inches of snow per year.
