501 W State St Olean, NY 14760

Building Details

Year Built

1965

Listing office Howard Hanna Holt Real Estate P***@howardhanna.com Show Phone

Listing date Apr 24, 2026

Source Elliman

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Investment Insights

Based on property information with market context.

This well-established restaurant is located on West State Street in Olean, at the corner of 4th Street and West State. The property has been a community staple for years, offering visibility and access for customers. The location has approximately 15 off-street parking spaces. All kitchen equipment is included. A $20+ million construction project is planned on West State St. The property is a turnkey opportunity for a restaurateur looking to continue a long-standing tradition or introduce a new concept in a proven location. The bike score is 67, indicating it is bikeable, and the walk score is 75, indicating it is very walkable.

Key Highlights

• High‑traffic location at the corner of 4th Street and West State Street, offering excellent visibility and easy access.
• Turnkey restaurant opportunity with all kitchen equipment included.
• Approximately 15 off‑street parking spaces, a valuable asset in a busy area.

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FAQs

What type of property is this?

Conventional restaurant - Well-established restaurant for sale in a high-traffic Olean location.

Where is this conventional restaurant located?

The property is located at 501 W State St Olean, NY.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: High‑traffic location at the corner of 4th Street and West State Street, offering excellent visibility and easy access.; Turnkey restaurant opportunity with **all kitchen equipment included**.; Approximately 15 off‑street parking spaces, a valuable asset in a busy area.