Virtual Tour

$249,919

For Sale

21 days ago

659 E State St, Olean, NY

House

MLS® R1713624

0 Bed

0 Bath

6040 sqft

20 Parking

Key Facts
Description
Map

Key Facts

Type Business

Levels Commercial Sale

Size 6040 sqft

Garage

Taxes $7,175

Days Active 22

Lot Size 0.1033 Acres

Approx. Age 1931

Avg. Price Per Sqft $41

MLS® Number R1713624

Property Address: 659 E State St, Olean, NY, 14760-2914

Average square foot calculated using Size range provided by listing agent.

Description

The Parkwood: A Name Olean Already Knows You can build a bar. You can't build a reputation. This one came with the building. The Parkwood has been a fixture on East State Street for years, and it's still going strong with wings and pizza out of the kitchen, live bands on the weekends, and a room that fills up for Bills Sundays as a home base for the Bills Backers of Olean. The regulars, the name, the rhythm of a good Friday night: all of it is already here and already working. That's the piece no amount of renovation money can buy. What sets this property apart is everything around the bar. A huge side deck opens the place up all summer. A large private parking lot plus street parking on top of it means a sold-out show, a fundraiser, or a packed watch party doesn't run into the wall that stops most downtown taverns cold. There's room here for the big night, and room for the crowd to park. Then the investment side. Five residential units convey with the sale: three apartments directly above the bar, plus a separate duplex included in the package. That's six income streams under one closing, with the flexibility to pour the drinks yourself or keep the bar leased and simply collect. The capital worries are handled where it counts. A new roof is going on the bar, and the duplex roof is fairly new, too. Investment highlights 6 income streams: the Parkwood on the main floor plus 5 residential units Established tavern with a real local following — wings, pizza, live music, Bills watch parties Huge side deck built for warm-weather crowds Large private parking lot plus street parking — rare for a bar of this type New roof on the bar this fall; duplex roof fairly new Owner-operate the bar or lease it out and hold a stabilized six-unit property Come see the Parkwood and make it your own.

MLS® NumberR1713624

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1931

BasementFull

DrivewayDriveway, On Site

Garage Spaces

HeatGas, Forced Air

A/C

Extras

Land and Building

Price History

-End Date

Not Sold YetSold Price

For Sale

Sep 11, 2026List Date

$249,919List Price

Commute

Commute

Starting Address

Destination Address

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment

I want to view this property

By pressing "Take a Tour", I confirm that I have read and agree to the eXp Privacy Policy, and Terms of Use.

By pressing "Take a Tour", I am electronically signing and consenting to receive marketing comms about real estate brokerage and mortgage lending services, delivered via email, phone and/or text (using "automated technology" such as an automatic telephone dialing system, and/or an artificial or prerecorded voice), from eXp Realty® and its independent contractor real estate professionals and their affiliate SUCCESS® Lending using the contact information I provided. Your consent is not a condition of purchase and you may revoke it at any time by replying "STOP" to any texts. Text HELP for more info. Message and data rates may apply. You may also contact us directly at 1-844-683-4664.

Similar Listings

Comparable Properties

DMCA Notice

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply

Fair Housing and Reasonable Accommodations

MLS Compliance Statements

Karen Richards - Designated Managing Broker, Broker Operations - TX

Texas Real Estate Commission information about brokerage services

Texas Real Estate Commission Consumer Protection Notice

eXp Realty® is committed to adhering to the guidelines of The New York State Fair Housing Regulations.The Fair Housing Notice →

*Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H.Learn More →

eXp Realty of California, Inc. | CA DRE# 01878277 | Deborah Penny - Designated Broker

eXp Realty of Southern California, Inc. | CA DRE#01325837 | Jason Crawford – Designated Broker

eXp Realty of Greater Los Angeles, Inc. | CA DRE# 01240990 | Mike Mendibles - Designated Broker

eXp Realty of Northern California, Inc. | CA DRE# 01951343 | Ryan Rosas - Designated Broker