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    Olean, NY
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    Olean, NY Restaurants for Sale

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    Allegany, NY Portville, NY Hinsdale, NY
    Established Restaurant in High-Traffic Location
    Updated: Jan 14
    Established Restaurant in High-Traffic Location

    501 W State Street, Olean, NY 14760

    $250,000
    1,640 sqft · 0.12 AC lot
    High‑traffic location at the corner of 4th Street and West State Street.
    Turnkey restaurant opportunity with all kitchen equipment included.
    Approximately 15 off‑street parking spaces.
    $20+ million construction project planned on West State St.
    Strong local recognition and unmatched exposure.
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    This listing looks promising.

    Here's a quick look at some key insights for

    501 W State Street, Olean, NY 14760

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    • Est. Cap Rate

      8.5%
      Above avg (5.9%)

    • Est. NOI

      $21K
      Annual

    • Mortgage

      $85K
      Feb 2022

    • Last Sold

      Feb 2022
      $130K

    • Property Type

      Restaurant
      Built 1965
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    Mixed-Use Building in Downtown Olean
    Updated: Jan 5
    Mixed-Use Building in Downtown Olean

    309 N Union Street, Olean, NY 14760

    $279,900
    7,308 sqft · 0.08 AC lot
    Mixed‑use building in downtown Olean, formerly the Village Green Pub
    Commercial ground level includes two expansive rooms plus a significant undeveloped area
    Second floor remodeled with a layout that could support a 4- to 7‑bedroom apartment
    Second‑floor layout includes two full bathrooms
    Heating: natural gas forced air; sewer: public sewer
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    Established Restaurant in High-Traffic Location
    Established Restaurant in High-Traffic Location

    501 W State St, Olean, NY 14760

    $250,000

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

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    Mixed-Use Building in Downtown Olean
    Mixed-Use Building in Downtown Olean

    309 N Union St, Olean, NY 14760

    $279,900

    Mixed-use property with commercial space and residential potential in downtown.

    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 58 Potential Opportunities for your consideration. Besides 4 Active listings in Olean, NY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 46 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turn-Key Ice Cream & Grill Restaurant
    Turn-Key Ice Cream & Grill Restaurant

    Limestone, NY 14753

    $324,900
    1,200 sqft

    Recently built restaurant with commercial kitchen, indoor/outdoor seating, and soft-serve equipment included for immediate operation.

    View details
    Restaurant with Drive-Thru For Sale
    Restaurant with Drive-Thru For Sale

    119 W Washington Street, Bradford, PA 16701

    $339,900

    1,781 SF restaurant with drive-thru and all equipment included.

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    Turn-Key Restaurant and Bar
    Turn-Key Restaurant and Bar

    843 Spittler Lane, Limestone, NY 14753

    $299,900

    Fully equipped restaurant and bar with recent upgrades for sale.

    View details
    Leased Restaurant Building with Liquor License
    Leased Restaurant Building with Liquor License

    27 Main St, Bradford, PA 16701

    $295,000
    3,920 sqft

    Restaurant building on Main Street currently leased by Taco Inc., with a liquor license included for flexible future use.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Ellicottville Commercial Corner Land
    Ellicottville Commercial Corner Land

    6296 Route 242 E, Ellicottville, NY 14731

    $749,000
    2.70 AC lot

    2.7-acre commercial corner lot in high-traffic area.

    View details
    Prime Vacant Lot in Jamestown
    Prime Vacant Lot in Jamestown

    663 Fairmount Avenue, Jamestown, NY 14701

    $49,900
    0.64 AC lot

    0.64-acre vacant lot ready for development with utilities available.

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    One-Acre Lot Development Opportunity
    One-Acre Lot Development Opportunity

    6775 State Route 415, Bath, NY 14810

    $125,000
    5,000 sqft · 1.00 AC lot

    One-acre lot with road frontage and development potential.

    View details
    Commercial Land on Genesee Street
    Commercial Land on Genesee Street

    1566 & 1572 Genesee Street, Buffalo, NY 14211

    Contact for pricing
    8,700 sqft · 0.20 AC lot

    Two commercial lots available on a busy thoroughfare.

    View details

    Off-Market Properties in Olean, NY

    Consider similar Off-Market properties in Olean, NY. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    116 Un St
    RESTAURANT

    116 Un St, Olean, NY 14760-3634

    Value Estimation by Request
    10,138 sqft · 0.26 AC lot
    View details
    2502 State St
    RESTAURANT

    2502 State St, Olean, NY 14760-1823

    $1,715,000
    Estimated value
    4,550 sqft · 0.87 AC lot
    View details
    3067 Nys Rte 417
    RESTAURANT

    3067 Nys Rte 417, Olean, NY 14760-1832

    Value Estimation by Request
    4,476 sqft · 2.40 AC lot
    View details
    325 Main St
    BAR, TAVERN

    325 Main St, Olean, NY 14760-2607

    Value Estimation by Request
    1,351 sqft · 0.09 AC lot
    View details
    1695 State St
    RESTAURANT

    1695 State St, Olean, NY 14760

    Value Estimation by Request
    1,872 sqft · 0.29 AC lot
    View details
    833 State St
    RESTAURANT

    833 State St, Olean, NY 14760-3803

    Value Estimation by Request
    3,140 sqft · 0.14 AC lot
    View details
    671 State St
    RESTAURANT

    671 State St, Olean, NY 14760-2914

    Value Estimation by Request
    3,654 sqft · 0.14 AC lot
    View details
    1123 State St
    RESTAURANT

    1123 State St, Olean, NY 14760

    Value Estimation by Request
    5,576 sqft · 0.16 AC lot
    View details
    2860 Macduffy Rd
    RESTAURANT

    2860 Macduffy Rd, Olean, NY 14760-9651

    Value Estimation by Request
    4,310 sqft · 1.45 AC lot
    View details
    501 State St
    RESTAURANT

    501 State St, Olean, NY 14760-2543

    Value Estimation by Request
    1,640 sqft · 0.12 AC lot
    View details
    610 Un St
    DRIVE-THRU RESTAURANT, FAST FOOD

    610 Un St, Olean, NY 14760-2642

    Value Estimation by Request
    2,660 sqft · 0.64 AC lot
    View details
    315 Un St, Unit 17
    RESTAURANT

    315 Un St, Olean, NY 14760-2626

    Unit 17
    Value Estimation by Request
    8,112 sqft · 0.17 AC lot
    View details
    500 Un St
    DRIVE-THRU RESTAURANT, FAST FOOD

    500 Un St, Olean, NY 14760-2651

    $3,775,000
    Estimated value
    3,038 sqft · 0.52 AC lot
    View details
    501 Un St
    DRIVE-THRU RESTAURANT, FAST FOOD

    501 Un St, Olean, NY 14760-2618

    $975,000
    Estimated value
    2,790 sqft · 0.49 AC lot
    View details
    501 8th St
    RESTAURANT

    501 8th St, Olean, NY 14760-2276

    Value Estimation by Request
    3,488 sqft · 0.09 AC lot
    View details
    800 Wayne St
    RESTAURANT

    800 Wayne St, Olean, NY 14760-2266

    Value Estimation by Request
    1,272 sqft · 0.29 AC lot
    View details
    615 Martha Ave
    RESTAURANT

    615 Martha Ave, Olean, NY 14760

    Value Estimation by Request
    1,363 sqft · 0.21 AC lot
    View details
    2936 Constitution Ave
    DRIVE-THRU RESTAURANT, FAST FOOD

    2936 Constitution Ave, Olean, NY 14760-1867

    Value Estimation by Request
    896 sqft · 1.45 AC lot
    View details
    447 Un St
    DRIVE-THRU RESTAURANT, FAST FOOD

    447 Un St, Olean, NY 14760-2656

    $2,795,000
    Estimated value
    2,765 sqft · 0.72 AC lot
    View details
    3007 Nys Rte 417
    DRIVE-THRU RESTAURANT, FAST FOOD

    3007 Nys Rte 417, Olean, NY 14760-1832

    $2,295,000
    Estimated value
    3,104 sqft · 0.76 AC lot
    View details

    Olean, NY Restaurants Market Trends and Statistics

    Explore 50 restaurants for sale in Olean, NY, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 8,948 square feet of properties for sale, with an estimated market value of $529,900.

    Sale prices for restaurant properties in Olean, NY start at $250,000, averaging $264,950, and reaching up to $279,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 4
    Bars & Pubs 2
    Turn key restaurants 1

    Demographics Overview

    Population 17K
    Population Growth (5Y) -4.9%
    Median Household Income $52,569
    College Educated 40.2%

    High-Yield Neighborhoods for Investment

    Identify Olean submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    14760 $271.2K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cattaraugus County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Cattaraugus County

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