3047 Nys Route 417 Olean, NY 14760

Property Details for 3047 Nys Route 417

Year built

1900

Lot size

0.20 lot acres

Property size

3,063 SF

Property type

Commercial real estate

Description

This exceptional commercial property in Olean, NY, presents a unique investment opportunity. Located on the busy Route 417W corridor, this offering includes two buildings totaling 3,063 square feet on a 0.2-acre lot. The main building is a fully equipped, turn-key salon, established for over 25 years, complete with four hair stations, two sinks, a waxing station, and a nail station. The existing owner is willing to include all equipment, inventory, and even their client list in the sale, providing a seamless transition for a new owner. The second building is a three-bedroom house currently generating $1200 per month in rental income. This property's prime location offers significant advantages, situated next to a hotel and across from Walmart and other big-box retailers, ensuring high visibility and foot traffic. The commercial zoning allows for diverse uses, making this an ideal investment for both established businesses and entrepreneurs seeking a profitable venture. The combination of a thriving salon and a consistently rented residential property provides immediate and substantial income streams, offering a compelling return on investment. The asking price for this exceptional property is $375,000.