For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    501 W State St Olean, NY 14760

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $275,000

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

    Type:Commercial
    Added:
    Apr 24, 2026
    Days on Market:
    6
    Last Refresh:
    Apr 24 at 8:09 pm

    Property Features for 501 W State St

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1965

    We can help!

    Listing Contact
    Paul Pezzimenti
    Paul Pezzimenti

    Listing agent Paul Pezzimenti License #10301214758

    Listing office Howard Hanna Holt Real Estate

    Listing date Apr 24, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna Holt Real Estate


    Overview

    Established Restaurant in High-Traffic Location

    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.
    Location Intelligence

    Current Use by Public Records

    Rafis Food Hub Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Olean
    County
    Cattaraugus
    State
    New York
    Longitude
    -78.435454
    Latitude
    42.0772171

    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 $275,000.
    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.
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message