501 W State St Olean, NY 14760
New
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
Listing agent Paul Pezzimenti License #10301214758 (716) 378-7039
Listing office Howard Hanna Holt Real Estate (716) 378-7039
Listing date Apr 24, 2026
Source Elliman
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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
Location Insight
- Map
- Local Demand
- City
- Olean
- County
- Cattaraugus
- State
- New York
- Longitude
- -78.435454
- Latitude
- 42.0772171
Nearby Similar for Sale
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.
