186 Union St Olean, NY 14760

This exceptional investment opportunity presents a unique blend of commercial and residential real estate in the heart of downtown Olean, New York. The property, located at 186 and 188 N Union St, comprises two buildings combined into a single, sizable corner lot property encompassing 6,636 square feet. Built in 1890, the three-story structure currently houses the thriving Brothers Bistro restaurant on the ground floor, complete with a charming outdoor fire pit and seating area. All restaurant equipment, furnishings, and existing catering contracts are included in the sale, offering a seamless transition for the new owner. Above the restaurant, four apartments provide a consistent rental income stream. The property's zoning (Com 1) allows for the potential development of two additional apartments, further enhancing the investment potential. The 0.04-acre lot provides ample space for the existing structures and offers potential for future expansion or improvements. The asking price for this turnkey operation is $1,250,000. This mixed-use property, with its established restaurant and rental units, presents a compelling opportunity for owner-users seeking a strong return on investment in a vibrant downtown location. The five total units, combined with the established restaurant business, offer a diversified income stream and significant potential for growth. This is a rare chance to acquire a well-established, profitable business with significant upside.