$469,000
$750,000
37.5%For more information regarding the value of a property, please contact us for a free consultation.
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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