For Sale
$995,000

116 Union StOlean, NY 14760

Historic Landmark, Turnkey Business

Overview

Added:
Feb 3
Days on market:
62
This exceptional opportunity presents a thriving restaurant and bar for sale in the heart of downtown Olean, NY. Located in the beautifully preserved, historic Olean Public Library building (listed on the National and State Registers of Historic Places since 1985), this 14,618 square foot venue boasts Old-World charm and Art Deco flair, creating a unique and upscale-casual dining experience. The property sits on a 0.26-acre lot and is capable of hosting large gatherings of over 200 people. The turnkey operation includes an established customer base and experienced team, ensuring immediate profitability and stability for the new owner. Features include a hand-carved mahogany bar (from the historic Chicago Cattleman's Steakhouse) and original architectural details such as bookcases, a grand staircase, and two fireplaces. This presents a rare chance to own a piece of Olean's history while operating a successful business with significant growth potential. Expansion opportunities include extended hours, new menu offerings, and catering services. The property is also available for sale as a package with an adjacent bed and breakfast (MLS #R1583828) for a total price of $1.25 million. Priced at $995,000, this is a truly unique investment opportunity.

Property Details for 116 Union St

Property type
Square Feet
14,618 SF
Year Built
1909
Lot Size (sq. ft)
11,326 SF

Location Insight

City
Olean
County
Cattaraugus
State
New York
Latitude
42.07694
Longitude
-78.43036
116 Union St, Olean, New York

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116 Union St
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