About 186-188 N Union Street
Turnkey Restaurant & Multi-Unit Investment Opportunity – Olean, NY Don't miss this incredible opportunity to own a fully operational restaurant with rental income potential in the heart of Olean. Originally two buildings combined into one, this impressive 3-story structure offers a unique blend of commercial and residential space, ideal for investors or owner-operators. The main level is home to a spacious, fully-equipped restaurant featuring two bars, ample dining space, a commercial kitchen, and a full basement for storage. Whether you're expanding an existing concept or launching a new one, this space is ready for business. The second floor includes a fully rented 2-bedroom apartment, a vacant unit currently under renovation, and a shared laundry area for tenant convenience. On the third floor, you'll find two 1-bedroom apartments and one 2-bedroom apartment, all of which have been fully remodeled with modern finishes. This mixed-use property offers both immediate income and long-term upside, with high visibility and a prime location in Olean’s growing downtown district. Whether you're looking for a restaurant, a live/work setup, or a strong addition to your investment portfolio, this property has it all.
Features of 186-188 N Union Street
| MLS® # | R1599642 |
|---|---|
| Price | $950,000 |
| Bathrooms | 0.00 |
| Square Footage | 9,954 |
| Square Footage | 1914 |
| Acres | 0.04 |
| Year Built | 1890 |
| Type | Commercial Sale |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 186-188 N Union Street |
|---|---|
| Area | Olean-City |
| City | Olean-City |
| County | Cattaraugus |
| State | NY |
| Zip Code | 14760 |
Amenities
| Utilities | Sewer Connected, Water Connected |
|---|---|
| Features | Rectangular |
| Parking Spaces | 10 |
| Parking | Common, Parking Fee |
| Garages | Common, Parking Fee |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Gas, Central |
|---|---|
| Fireplace | No |
| # of Stories | 3 |
| Stories | 3 |
| Has Basement | Yes |
| Basement | Full, Partial |
Exterior
| Exterior | Brick, Masonry |
|---|---|
| Lot Description | Rectangular |
| Roof | Flat, Membrane, Rubber |
| Construction | Brick, Masonry |
School Information
| District | Olean |
|---|
Additional Information
| Zoning | Com 1 |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Howard Hanna Professionals |
|---|---|
| Contact Info | 716-307-9256 |