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Jill A. Lehmann
Associate Real Estate Broker
REALTOR®
(607) 267-0313 Cell
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501 W State Street, Olean, NY 14760

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Property Description

This well-established restaurant on West State Street in the heart of Olean offers a rare opportunity to own a business in a high-traffic location. Situated at the corner of 4th Street and West State, this property has been a community staple for years, offering excellent visibility and easy access for customers. With a $20+ million construction project planned on West State St, this is the perfect time to invest. With great kitchen space and approximately 15 off-street parking spaces, a valuable asset in this busy area. All kitchen equipment is included. This is a turnkey opportunity for a restaurateur looking to continue a long-standing tradition or introduce a new concept in a proven location. With strong local recognition and unmatched exposure, this property is ready for its next owner. Schedule a showing today to explore this exceptional business opportunity.

501 W State Street | MLS# R1719161

This commercial property located at 501 W State Street, Olean, NY 14760 is currently listed for sale with an asking price of $249,900. W State Street is located within the Olean school district. Search Olean real estate on jill-ogden.timberlandproperties.com today.

Gallery

Property Features

Property Type: Commercial - Business
Basement: None
Cooling: Central Air
Heating: Gas, Forced Air
Lot Size: 0.12 Acres
Roof Type: Membrane, Rubber
Stories: 1.0
Taxes: $7,676
Year Built: 1965

Feature Descriptions

Days on Site: 10
Lot: Rectangular, Rectangular Lot
Lot Dimensions: 86X62
Parcel#: 041200-094-064-0014-004-000-0000
Sewer: Public Sewer
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Public

Local Schools

High School: Olean Senior High
Middle School: Olean Middle
Elementary School: Washington West Elementary
School District: Olean

Demographics

Listed By / Shown By

Listing By

Agency Name: Howard Hanna Professionals - Olean
Agency Contact: 716-378-7039

Shown By

Agent Name: Jill A. Lehmann
Agent Phone: (607) 267-0313 Cell
Agency Title: Timberland Properties

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All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless. Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 10/12/2026. The listing information on this page last changed on 10/12/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 10/12/2026 12:00:10 AM EST) or Global MLS (last updated Sun 10/11/2026 11:52:22 PM EST) or New York State Alliance MLS (last updated Sun 10/11/2026 11:59:02 PM EST) or Hudson Valley Catskill Region MLS (last updated Sun 10/11/2026 11:51:10 PM EST) or OneKey MLS (last updated Sun 10/11/2026 11:53:21 PM EST). Real estate listings held by brokerage firms other than Timberland Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless.

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