186-188 N Union St - Storefront Retail/Residential FOR SALE


Olean, NY 14760
$950,000 USD
716-372-1155
186-188 N Union St, Olean, NY for Sale
$950,000 USD
Storefront Retail/Residential - FOR SALE
1/32
null | Request Cap Rate

186-188 N Union St
Olean, NY 14760


HIGHLIGHTS

  • Turnkey Restaurant & Multi-Unit Investment Opportunity
  • This mixed-use property offers both immediate income and long-term upside
  • Prime location in Olean’s growing downtown district

OVERVIEW

Turnkey Restaurant & Multi-Unit Investment Opportunity – Olean, NY Don't miss this incredible opportunity to own a fully operational restaurant with rental income potential in the heart of Olean. Originally two buildings combined into one, this impressive 3-story structure offers a unique blend of commercial and residential space, ideal for investors or owner-operators. The main level is home to a spacious, fully-equipped restaurant featuring two bars, ample dining space, a commercial kitchen, and a full basement for storage. Whether you're expanding an existing concept or launching a new one, this space is ready for business. The second floor includes a fully rented 2-bedroom apartment, a vacant unit currently under renovation, and a shared laundry area for tenant convenience. On the third floor, you'll find two 1-bedroom apartments and one 2-bedroom apartment, all of which have been fully remodeled with modern finishes. This mixed-use property offers both immediate income and long-term upside, with high visibility and a prime location in Olean’s growing downtown district. Whether you're looking for a restaurant, a live/work setup, or a strong addition to your investment portfolio, this property has it all.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$95 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

CC

APN/PARCEL ID

041200-094-065-0003-044-000-0000,041200-094-065-0003-045-000-0000,041200-094-065-0003-046-000-0000

ASK ABOUT THIS PROPERTY

Dennis PezzimentiHoward Hanna ProfessionalsMore Info
716-372-1155

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Dennis PezzimentiHoward Hanna ProfessionalsMore Info
716-372-1155

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.