Lease to Own
720 Wayne Street Olean-City, NY
$ 245,000
Property Attributes
  • MLS#B1048325
  • TypeCom Lease
  • CityOlean-City
  • AreaOlean-City
  • Zip14760
  • StyleBusiness
  • Year Built1920
  • Taxes$ 3279
  • Price$ 245,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4292
  • Lot Size6,500 SqFt
Listing Provided Courtesy Of:
Joseph Chamberlain with Chamberlain Home Realty
Data Source:
Central New York Information Services (CNYIS) - 14- NY
Property Description

Fantastic business opportunity. Completely remodeled restaurant with all equipment and 2 one bedroom apartments above and 1 retail store next to the restaurant. All equipment necessary to run your own business as well as a bar. The retail store is separate and has its own bathroom. It can be extended and put into extra seating if needed or just rent the little store that houses a gun shop. Turn key, nothing needed to start. Both apartments rent for 650 each and owner includes water. Both apartments have been completely remodeled. The restaurant is rated to seat 48 patrons. Has ample parking for all units. Name and phone number also included. Owner will consider lease to own with 20% down. Other terms negotiated

Middle School High School
Olean Middle Olean Senior High
Price History
7/29/2020 Listed $249,900
7/13/2021 2% - $245,000

General Features

Basement Partial
Elementary School District Olean
Flooring Carpet, Linoleum, Other, See Remarks, Vinyl
Heating Gas, Forced Air
High School Olean Senior High
High School District Olean
Levels Two
Listing Agent State License 37CH1104972
Location Business District
Lot Size Square Feet 6500
MLS Area Olean-City-041200
Middle/Junior High School Olean Middle
Middle/Junior School District Olean
Possible Use Other, Restaurant, See Remarks
Property Sub Type Additional Business, Office, Retail, Apartment, Commercial
Property SubType Business
Property Type Commercial Lease
PropertyCondition Resale
Roof Asphalt
Special Listing Conditions Standard
Status Active
Stories 2
Terms Cash, Conventional
Total Units 4
Township Not Applicable
Zoning c
Zoning Description Commercial

Interior Features

Heating Y/N Yes
Living Area 4292

Exterior Features

Lot Dimensions 65X100
Lot Size Acres 0.15
Lot Size Area 0.15
Lot Size Units Acres
Number of Buildings 1
Parking Features Driveway
Total Parking 20


  • 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 Com Lease Average in 14760

AVG $180K
AVG $4,419
AVG 17
Year Built
AVG 1953
AVG 63
Data Provided by Walkscore ® not using MLS data

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