Address
720 Wayne Street, Olean-City, NY
Price
$ 449,900
Property Attributes
- MLS#R1494207
- TypeCommercial
- CountyCATTARAUGUS
- CityOlean-City
- AreaOlean-City
- Zip14760
- StyleBusiness
- Year Built1920
- Taxes$ 3256
- Price$ 449,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4292
- Lot Size6,499 SqFt
Data Source:
Greater Rochester AOR (GRAR)
Property Description
Great investment opportunity on a corner lot on a heavily travelled street in the street of Olean. This property consists of three buildings. The first building has four units including a restaurant, a retail store and totally remodeled apartments creating a very profitable business. The restaurant has great potential with plenty of outside seating and numerous parking spaces. The restaurant is fully operational and all the equipment is included. The retail store could be used as additional income or integrated back into the restaurant. Both apartments have been remodeled and are currently leased. They both have laundry and all appliances are included. The whole building has new electric services. The next building has recently been remodeled as a residential dwelling. The third building is in need of repair and could be a office/reatil store with an apartment above There is plenty of parking for all the units. This property is being sold with 712 Wayne Street.
| Elementary School | Middle School | High School |
|---|---|---|
| Washington West Elementary | Olean Middle | Olean Senior High |
| Price History | |
|---|---|
| 8/28/2023 | Listed $449,900 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | Gas,ForcedAir |
| Utilities | SewerConnected,WaterConnected |
| Possession | CloseOfEscrow |
| Roof | Asphalt,Shingle |
| Zoning | Commercial |
| Year Built | 1920 |
| Stories | 2 |
| Township | Not Applicable |
| Levels | Two |
| Property SubType | Business |
| Business Type | Restaurant |
| Accessibility | AccessibleApproachwithRamp |
| County | Cattaraugus |
| Net Operating Income | -3256.0 |
| Property Type | CommercialSale |
| Possible Use | Retail |
| Building Features | PublicRestrooms |
| Total Rooms | 6 |
| Status | Active |
| Directions | On the corner of Wayne Street and North 7th Street. |
| High School | Olean Senior High |
| City | Olean-City |
| High School District | Olean |
| Zoning Description | Commercial |
| Total Units | 4 |
| MLS Area | Olean-City-041200 |
| Lot Size Square Feet | 6500.0 |
| Waterfront Y/N | No |
| Street Name | Wayne |
| Elementary School | Washington West Elementary |
| Year Built Details | Existing |
| Tax Annual Amount | 3256.0 |
| Middle/Junior High School | Olean Middle |
| Property Condition | Resale |
| Lease Considered Y/N | No |
| Standard Status | Active |
| Middle/Junior School District | Olean |
| Elementary School District | Olean |
| Tax Assessed Value | 60000 |
| TaxOtherAnnualAssessmentAmount | 0.0 |
| Tax Lot | 61 |
| Property Sub Type Additional | Business,Office,Retail,Apartment,Commercial |
Interior Features
| Basement | Partial |
|---|---|
| Flooring | Carpet,Linoleum,Vinyl |
| Total Stories | 2 |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | Street |
Exterior Features
| Parking Features | Driveway |
|---|---|
| Lot Features | Rectangular |
| Water Source | Public |
| Total Parking | 18.0 |
| Inclusions | Land,Building and Business |
| Lot Size Area | 0.1492 |
| Number of Buildings | 1 |
| Building Area Total | 4292.0 |
| Lot Dimensions | 65X100 |
| Lot Size Acres | 0.1492 |
| Lot Size Units | Acres |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 14760
Price
Taxes
Visits
Year Built
Walkscore
The Greater Syracuse Association of REALTORS ®: The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, powered by CNYIS. Real estate listings held by firms other than NextHome CNY Realty, are marked with the IDX logo and detailed information about them includes the Listing Broker's Firm Name. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS. Real estate listings held by firms other than NextHome CNY Realty, are marked with the IDX logo and detailed information about them includes the Listing Brokers Firm Name.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor NextHome
