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186-188 N Union Street Olean-City, NY $ 1,250,000
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$ 1,250,000 Get more info
186-188 N Union Street
$ 1,250,000
Back to search
Share Save

186-188 N Union Street

Olean-City, NY, 14760
$ 1,250,000
Baths0.0 Sq 6,636

Monthly Estimate*

$ 8,308

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Studio Commercial Property for sale in Olean-City, NY for $1,250,000. This 6,636 square foot building was built in 1890 on a lot size of 0.0439.

Excellent Investment Opportunity!! This Contemporary Restaurant, Located in the Heart of Downtown Olean, Is Now Available for you to call your own!! Originally 2 Buildings, it's Been Combined as 1 Large Corner-Lot Investment Property, Housing Brothers Bistro on the Main Floor with 4 Apartments above & the Potential to build-out 2 More Apartments! This Trendy, Upscale Restaurant has a Nice Fire Pit & Seating Out Front. It comes Turn-Key with All Equipment, Furnishings, & Catering Contracts. Between that and the Rentals, You will have Great Return! Don't Miss Out on This Amazing Opportunity!!

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Commercial Active

Price

$ 1,250,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 321,505

Style

Business

Lot Size

0.0439

Year Built

1890

Town/City

Olean-City

County/Region

CATTARAUGUS

MLS | Web ID

R1520876
Features
General
Sewer PublicSewer
Heating Gas Central
Utilities SewerConnected WaterConnected
Possession BeforeClosing Immediately
Roof Flat
Zoning Com1
Construction Materials Brick Masonry
Year Built 1890
Stories 3
Township Not Applicable
Property SubType Business
Business Type BarTavernLounge
Accessibility AccessibilityFeatures AccessibleFullBath AccessibleDoors AccessibleEntrance
County Cattaraugus
Net Operating Income -321505.0
Property Type CommercialSale
Possible Use HotelMotel Other
Status Active
Directions Corner of N. Union St in Downtown Olean....2 Buildings...now owned by Brothers Bistro. 188-186 N Union across from Community Bank Building
City Olean-City
High School District Olean
Zoning Description Commercial
Total Units 0
MLS Area Olean-City-041200
Lot Size Square Feet 1914.0
Waterfront Y/N No
Street Name Union
Year Built Details Existing
Tax Annual Amount 321505.0
Property Condition Resale
Lease Considered Y/N No
Virtual Tour https://boulevard-real-estate-media.aryeo.com/sites/yazwrkx/unbranded https://boulevard-real-estate-media.aryeo.com/sites/188-n-union-st-olean-ny-14760-7732669/branded
Days on Market 0
Standard Status Active
Middle/Junior School District Olean
Elementary School District Olean
Tax Assessed Value 305000
TaxOtherAnnualAssessmentAmount 305000.0
Tax Lot 46
Property Sub Type Additional Business Apartment Commercial
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Interior
Basement Full Partial
Total Fireplaces 0
Total Stories 3
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Street Suffix Street
Main Level Bathrooms 0
Total Baths 0
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Exterior
Parking Features Common ParkingFee
Water Source Public
Total Parking 10.0
Inclusions Equipment Inventory Land and Building
Lot Size Area 0.0439
Number of Buildings 2
Building Area Total 6636.0
Lot Dimensions 21X89
Lot Size Acres 0.0439
Lot Size Units Acres
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Internal Only
Street Number 1 186
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* Excluded Features
List By
Premier Listings Real Estate

Broker

(716) 307-8894

Phone

Affordability Calculator

$35,100
Per Month
24%
76%
0%
Monthly Principal & Interest
$8,308
Monthly Property Taxes
$26,792
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
3219381 Elementary School
3218948 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/13/2024$1,250,000 Listed Price

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186-188 N Union Street, Olean-City, NY, 14760 is a Commercial Property for sale at $1,250,000 with 6,636 sqft and a lot size of 0.0439. 186-188 N Union Street is a studio with 0.0 baths and was built in 1890. The property's zip code is 14760 which is in Olean-City, NY

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