Real Estate Listing Details | Michael McVinney
Contact Michael McVinney, a NY licensed Real Estate Broker. Michael McVinney is also licensed in PA.
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720 Wayne Street, Olean

$249,900
  • Remarks: Fantastic business opportunity. Completely remodeled restaurant with all equipment and 2 one bedroom apartments above and 1 retail store next to the restaurant. All equipment necessary to run your own business as well as a bar. The retail store is separate and has its own bathroom. It can be extended and put into extra seating if needed or just rent the little store that houses a gun shop. Turn key, nothing needed to start. Both apartments rent for 425 each and owner includes water. The restaurant is rated to seat 48 patrons. Has ample parking for all units. Don’t let this opportunity get away. Owner will retire if sold. Name and phone number also included. Owner will consider lease to own options with 25k down.

Property Details

  • MLS #: B1048325
  • Days On Market: 1027
  • Price: $249,900
  • Sq Ft Total: 4292
  • Businessis Franchise Y/N: N
  • Category: Apartments,Business Opportunity,Commercial,Retail/Office
  • Type Of Building: Other – See Remarks,Restaurant / Food
  • County: Cattaraugus
  • Lot Number: 61
  • Property Type: Commercial/Industrial
  • Transaction Type: Sell or Lease
  • Status: A-Active
  • Year Built: 1920
  • Price / SQFT: $58
  • Price / Acres: $1,674,933
  • State: NY – New York
  • Postal City: Olean
  • Village: Not Applicable
  • Zip: 14760

Interior Features

  • Basement Description: Partial
  • Floor Description: Carpet,Linoleum/Vinyl,Other – See Remarks
  • HVAC Type: Forced Air
  • Heating Fuel Description: Gas
  • Stories: 2
  • Living Quarters Description: Apartment
  • Living Quarters Y/N: Y

Exterior Features

  • 1 Bedroom Units: 2
  • Location: Business District
  • Lot Dimensions Depth: 100
  • Lot Dimensions Frontage: 65
  • Num of Avl Parking Spaces: 20
  • Num of Buildings: 1
  • On Waterfront Y/N: N
  • Parking Description: Dirt / Stone
  • Roof: Asphalt
  • Sewer Water: Public Sewer Connected
  • Total Num of Units: 4

Financial/Other Information

  • Age of Building: 100
  • City Village Tax: 874
  • Num of Leases: 2
  • Residential Units: 2
  • Sale Includes: Land, Building and Business,Other – See Remarks
  • School Tax: 1567
  • Total Taxes: 3279
  • Town County Tax: 838
  • Type of Sale: Normal
  • Zoning Code: c
  • Nearest Cross Street: N 7th St
  • Directions To Property: n corner of N 7th and Wayne Street, currently housing jak’s Burger Shak.

This Listing is Courtesy of: Chamberlain Home Realty.
Disclaimer: All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.

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