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
Turn-key and very well-established, this beloved business has been a cornerstone of Olean for generations—and now, it’s your opportunity to carry on the legacy. With a strong local reputation and loyal customer base, the groundwork for success has already been laid. The current owners have dedicated their time and passion into building a thriving operation and are now ready to retire, leaving the door open for new ownership to take the reins. If you're passionate about the food industry and ready to step into a business with proven success, this is your chance. The heavy lifting has already been done—now it’s time for fresh energy and vision to take it to the next level. Don’t miss this rare opportunity to own a piece of Olean history and shape its future
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
Unlock the possibilities with this spacious commercial building just under 5,000 sq. ft., perfectly positioned parallel to West State Street and just a short drive to Allegany. Nestled near a well-established residential area, this property offers prime visibility and easy accessibility for a variety of business ventures. A standout feature is the 12-foot garage door, providing excellent access to the expansive open warehouse-style space in the front unit—ideal for storage, a workshop, or creative commercial use. The front unit is currently leased for $1,650/month until June, the tenant will be vacating the property in June. The back unit also has a large warehouse-style space, that could be anything. Currently it is being used as storage, but could be great shop space or potential for another tenant. For added convenience, the building includes two built-out offices and two bathrooms (one per unit), making it functional for a variety of business needs. With its strategic location, flexible layout, and endless potential, this property is a fantastic opportunity for investors or business owners looking for space, convenience, and income. Virtual tour available – explore the possibilities today!
Courtesy: Real Estate Pros & More
716-372-7100
Prime Mixed-Use Commercial Property – 1305 West State Street, Olean, NY Discover the endless potential of this impressive 6,680 sq. ft. mixed-use property in one of Olean’s most visible and high-traffic locations! Formerly home to Shawley’s Office Equipment, this property offers excellent frontage on West State Street, ensuring maximum exposure for your business or investment. The spacious first-floor retail/showroom space is ready for your vision—perfect for offices, retail, a showroom, or convert to additional apartments for added income potential. The property currently features three existing apartments, giving you flexibility while you plan your ideal use. One of the true highlights is the expansive rear lot with dual driveway access from both North 12th Street and North 13th Street. The lot offers parking for approximately 25 vehicles, making it a rare find in the city and ideal for customers, tenants, or delivery access. With its high-visibility location, generous square footage, and versatile layout, this property offers countless possibilities—whether you’re looking to launch your business, expand your portfolio, or create a dynamic mixed-use development in the heart of Olean.
Courtesy: Century 21 Turner Brokers
716-763-7506
This exceptional commercial property, located in Olean, NY, is now available for sale, offering a prime opportunity for a variety of businesses. Currently being used as an auto dealership, the building totals 2,696 square feet and was constructed in 1997. It is situated on a spacious lot with dual road frontage, providing excellent visibility and accessibility from both Independence Drive and NYS Route 417. The property is in close proximity to all local amenities, including retail, dining, and other commercial centers, making it an ideal location for a new or expanding business. With ample parking and outdoor space, the lot offers room for growth, additional service areas, or even future expansions. The building’s layout is well-suited for a showroom, office spaces, and service areas, making it particularly attractive for an auto dealership, retail business, or other commercial operations. This location gets over 16,000 vehicles per day, making this a desirable location for commercial properties. Zoned for commercial use, the property provides the flexibility to accommodate various business ventures. Don't miss out on this incredible opportunity in a growing area.
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
Courtesy: ERA Team VP Real Estate
716-372-2234
Great investment opportunity! TWO Commercial fronts (One occupied at this time). Four upper apartments all occupied. Highly visible and located on West State Street. This 6 unit Commercial / Residential building features 6100 sqft of opportunity! NEW Roof 2022. Some new windows. Upper four rentals total 3060 sqft. One 2bed1bath and three 1bed1bath Off street parking with 3-4 spaces in the rear. Don't miss this opportunity to feature your own business while having rental oncome or commercial investment.
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.
