Established Bar with
New
For Sale
$249,919
659 E State Street, Olean, NY 14760
Operating tavern with food service, live entertainment, a substantial outdoor deck, and private parking in Olean.
Property Size6,040 SF
Price / SF$41.38
Days on Market2
Property Features for 659 E State Street
General Information
Standard status
Active
Size
6,040 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Road Access
Yes
Multifamily Units
5
Amenities
side deck
private parking lot
Building Details
Year Built
1931
Buildings
2
Listing Agency:
Howard Hanna Professionals - Olean
Listed By:
Paul Pezzimenti · License #PEZZIMPA
(716) 378-7039
Source:
Cnynicheteam
Added: Sep 13
Last Checked: Sep 13 at 4:09AM
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 Professionals - Olean
Investment Insights
Based on property information with market context.
The Parkwood is an operating bar and food-service property at 659 E State St in Olean, with wings and pizza served from the kitchen. The business also accommodates live bands and organized watch parties. A large side deck extends the usable space during warmer months, while a private parking lot supplements available street parking.
The sale includes five residential units: three apartments positioned above the bar and a separate duplex. Together with the main-floor bar, the property provides six income streams within one package. The bar may be owner-operated or leased, offering flexibility in how the commercial and residential components are managed. A new roof is planned for the bar, and the duplex roof is fairly new. Built in 1931.
The sale includes five residential units: three apartments positioned above the bar and a separate duplex. Together with the main-floor bar, the property provides six income streams within one package. The bar may be owner-operated or leased, offering flexibility in how the commercial and residential components are managed. A new roof is planned for the bar, and the duplex roof is fairly new. Built in 1931.
Key Highlights
- Five residential units included: three apartments above the bar plus a separate duplex
- Six income streams comprising the main‑floor bar and five residential units
- Operating tavern with wings, pizza, live music, and Bills watch parties
Property Analytics
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Current Use
Lease Details
5
Residential units
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14760, NY
18,031
Population
8,917
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
91%
High-School Grad
65.1 sq mi
ZIP Area
277
Density / Sq Mi
$52,569
Median Household Income
$35,754
Median Earnings
$777
Median Rent
$99,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Similar Off Market Nearby
- The Old Library Restaurant — 116 S Union St, Olean, NY 14760
- House’s Parkwood Tavern — 659 E State St, Olean, NY 14760
- State King — 901 E State St, Olean, NY 14760
- Union Whiskey — 184 N Union St, Olean, NY 14760
- Talty's Irish Pub — 535 N Union St, Olean, NY 14760
Frequently Asked Questions
What type of property is this?
Bar & Pub - Operating tavern with food service, live entertainment, a substantial outdoor deck, and private parking in Olean.
Where is this bar & pub located?
The property is located at 659 E State Street Olean, NY.
What is the asking price?
The asking price for this property is $249,919.
What are key features of this property?
This property features: Five residential units included: three apartments above the bar plus a separate duplex; Six income streams comprising the main‑floor bar and five residential units; Operating tavern with wings, pizza, live music, and Bills watch parties
