Bar with Residential
New
For Sale
$249,919
659 E State Street, Olean, NY 14760
CommercialSale, Olean, NY
Property Size6,040 SF
Lot Size0.10 Acres
Price / SF$41.38
Days on Market3
Property Features for 659 E State Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COM 1
Zoning description
Residential Multi Use
Rooms
Basement
Parking
20
Parking features
Driveway
Lot features
Rectangular, Rectangular Lot
Elementary school
East View Elementary
Middle school
Olean Middle
High school
Olean Senior High
Elementary school district
Olean
Middle school district
Olean
High school district
Olean
Directions
on Route 417
Subdivision
Olean-City-041200
Standard status
Active
APN
041200-094-066-0004-061-000-0000
Size
6,040 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
7175
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Amenities
side deck
private parking lot
Building Details
Year built
1931
Floors in Building
2
Roof type
Membrane, Rubber
Listing Agency:
Howard Hanna Professionals - Olean
(716) 372-1155
Listed By:
Paul Pezzimenti · License #10301214758
(716) 378-7039
Added: Sep 10
Changed: Sep 12
Last Checked: Sep 12 at 9:06AM
MLS# R1713624
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The Parkwood is an operating bar and tavern with a kitchen serving wings and pizza, weekend live music, and regular Bills watch parties. A large side deck extends the usable gathering area during warmer months, while the property also provides a private parking lot in addition to street parking. The building includes a basement, natural gas forced-air heat, public sewer, and membrane and rubber roofing.
The sale includes five residential units: three apartments situated above the bar and a separate duplex. Together with the commercial operation, the package contains six income-producing components. The property was built in 1931, measures 6,040 square feet, and occupies 0.1033 acres at 659 E State Street in Olean, New York. Zoning is COM 1. A new roof is being installed on the bar, and the duplex roof is relatively new.
The sale includes five residential units: three apartments situated above the bar and a separate duplex. Together with the commercial operation, the package contains six income-producing components. The property was built in 1931, measures 6,040 square feet, and occupies 0.1033 acres at 659 E State Street in Olean, New York. Zoning is COM 1. A new roof is being installed on the bar, and the duplex roof is relatively new.
Key Highlights
- Operating bar with wings, pizza, live music, and Bills watch parties
- Five residential units included: three apartments above the bar plus a separate duplex
- 6,040 square feet on 0.1033 acres
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
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 - Established tavern with a side deck, substantial parking, and five residential units included in the sale.
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: Operating bar with wings, pizza, live music, and Bills watch parties; Five residential units included: three apartments above the bar plus a separate duplex; 6,040 square feet on 0.1033 acres
