720 Wayne St Olean, NY 14760-2356
This exceptional Olean, NY property at 720 Wayne Street presents a prime investment opportunity. The 4,292 square foot building sits on a 0.15-acre lot and boasts a fully operational restaurant in a high-traffic area, ensuring excellent visibility and customer accessibility. Ample parking accommodates 18 vehicles. Adding to the investment potential, two apartments above the restaurant generate a combined monthly rental income of $1,500. Currently, a retail space is owner-occupied, offering flexibility for expansion of the restaurant, leasing for additional income, or conversion to another use. The property's versatility allows for diverse business strategies, catering to both experienced restaurateurs and aspiring entrepreneurs. This established business, with its proven income stream and high-traffic location, presents a unique chance to acquire a profitable and adaptable commercial property in a thriving Olean market. The potential for growth and diverse revenue streams makes this an exceptional investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.