Olean, NY 14760,116 S Union ST
Olean, NY 14760,116 S Union ST
Olean, NY 14760,116 S Union ST
Olean, NY 14760,116 S Union ST
Olean, NY 14760,116 S Union ST
Olean, NY 14760,116 S Union ST
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$469,000

$750,000

37.5%
Est.Price: ?

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Est. payment /mo

14,618 SqFt


SOLD DATE : 08/29/2025

Key Details

Sold Price $469,000

Property Type Commercial

Sub Type Business

Listing Status Sold

Purchase Type For Sale

Square Footage 14,618 sqft

Price per Sqft $32

MLS Listing ID R1584182

Sold Date 08/29/25

Construction Status Existing

HOA Y/N No

Year Built 1909

Annual Tax Amount $19,339

Lot Size 0.261 Acres

Acres 0.2612

Lot Dimensions 72X158

Property Sub-Type Business

Property Description

Presenting an Exceptional Opportunity for a New Owner to take over a Thriving Business in this well-established Location in the Heart of Downtown Olean, which offers a strong foundation for ongoing success. One of the last few Local Venues Left, that can accommodate large gatherings of over 200 People.
Hit the ground running and take over this Restaurant & Bar for Sale. The turnkey nature and established customer base with the experienced team, ensures to provide stability & security, making it easier for you to focus on growth and success. This opportunity is perfect for anyone seeking a restaurant with growth potential. You'll have the freedom to expand hours, introduce new offerings, or expand catering services.
The Old Library Restaurant is located in the historic Olean Public Library Building and is one of the region's most beautiful and treasured landmarks. Built in 1909, with funds provided by the philanthropist Andrew Carnegie, this elegant work of art was designed by architect Edward L. Tilton in the Beaux-Arts style, complete with original bookcases, a grand staircase, and two fireplaces.
The Old Library Restaurant is a lively, upscale-casual venue full of Old-World charm and Art Deco flare, paying tribute to the history of Olean's prohibition-era with our casual speakeasy vibe. Step up to The Prohibition Bar, and step back in time to the Gangster Era. Our hand-carved mahogany backbar is from the Cattleman's Steakhouse in Chicago, where Al Capone was a frequent guest. This exquisite historical landmark was listed on the National and State Register of Historic Places in 1985.

Location

State NY

County Cattaraugus

Area Olean-City-041200

Zoning commercial

Interior

Heating Gas, Forced Air

Cooling Central Air

Fireplace No

Exterior

Utilities Available Sewer Connected, Water Connected

Roof Type Asphalt,Membrane,Rubber

Total Parking Spaces 40

Building

Lot Description Rectangular, Rectangular Lot

Story 3

Sewer Public Sewer

Water Public

Construction Status Existing

Schools

School District Olean

Others

Tax ID 041200-094-065-0008-029-000-0000

Acceptable Financing Cash

Listing Terms Cash

Financing Conventional

Special Listing Condition Standard

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Listed by Premier Listings Real Estate 716-307-8894
Bought with Premier Listings Real Estate

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