For Sale
$249,900

720 Wayne St Olean, NY 14760

High-traffic location, strong income potential.

Property Records

Overview

Added:
Feb 3
Days on market:
85
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.

Property Details for 720 Wayne St

Property type
Commercial real estate
Square Feet
4,292 SF
Year Built
1920
Lot Size (sq. ft)
6,534 SF

Location Insight

City
Olean
County
Cattaraugus
State
New York
Latitude
42.08537
Longitude
-78.43864

FAQs

What type of property is this?
Commercial real estate - High-traffic location, strong income potential.
Where is the commercial real estate located?
The property is located at 720 Wayne St Olean, NY.
What is the asking price?
The asking price for this property is $249,900.
How can I contact the broker?
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720 Wayne St
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