186 Union StOlean, NY 14760

For Sale
$1,100,000

Turn-key restaurant, 4 apartments, high return.

Overview

Added:
Feb 3
Days on market:
39
This exceptional investment opportunity presents a thriving contemporary restaurant and multi-family property located in the heart of downtown Olean, NY. The property, encompassing 6,636 square feet on a 0.04-acre corner lot, was originally two buildings cleverly combined into one lucrative investment. The main floor currently houses Brothers Bistro, a trendy, upscale restaurant complete with an inviting outdoor fire pit and seating area. The sale includes all equipment, furnishings, and existing catering contracts, ensuring a seamless transition for the new owner. Above the restaurant are four income-generating apartments, and the property offers the potential to develop two additional apartments, significantly increasing rental income. This turnkey operation provides immediate cash flow from both the restaurant and rental units, promising a substantial return on investment. The property's prime downtown location ensures high visibility and accessibility, making it an ideal investment for a discerning buyer seeking a well-established, high-performing business with significant growth potential. The combined restaurant and apartment complex offers a unique blend of commercial and residential income streams, creating a diversified and resilient investment portfolio. This is a rare opportunity to acquire a thriving business and rental property in a desirable location.

Property Details for 186 Union St

Property type
Other commercial real estate
Square Feet
6,636 SF
Year Built
1890
Lot Size (sq. ft)
1,742 SF

Location Insight

City
Olean
County
Cattaraugus
State
New York
Latitude
42.07986
Longitude
-78.42952
186 Union St, Olean, New York

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186 Union St
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