501 State Street
Olean, NY 14760 · Cattaraugus County
Price
$249,900
Bed / Bath
—
Interior
1,640 sqft
Lot
5,393 sqft lot
Built
1965
About this home
This well-established restaurant on West State Street in the heart of Olean offers a rare opportunity to own a business in a high-traffic location. Situated at the corner of 4th Street and West State, this property has been a community staple for years, offering excellent visibility and easy access for customers. With a $20+ million construction project planned on West State St, this is the perfect time to invest. With great kitchen space and approximately 15 off-street parking spaces, a valuable asset in this busy area. All kitchen equipment is included. This is a turnkey opportunity for a restaurateur looking to continue a long-standing tradition or introduce a new concept in a proven location. With strong local recognition and unmatched exposure, this property is ready for its next owner. Schedule a showing today to explore this exceptional business opportunity.
Mechanical
Heating
Gas, Forced Air
Cooling
Central Air
Schools
District
Olean
Elementary
Washington West Elementary
Middle
Olean Middle
High School
Olean Senior High
Tax & finance
Annual taxes
$7,676
Financing
Cash
MLS Attribution
Listing courtesy of Howard Hanna Professionals - Olean. Listing agent: Paul Pezzimenti. Data last updated 10/1/2026. Information deemed reliable but not guaranteed; should be independently verified. © NYS Alliance of MLSs.
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