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Dewey's 1573 E State St

4,913 SF Retail Building Olean, NY 14760 $576,483 CAD ($117 CAD/SF)

Investment Highlights

  • Heavily Travelled Road
  • Wonderful Reputation
  • Great Income Producer

Executive Summary

Introducing the epitome of a turnkey business opportunity – the Cornerstone Convenience Store! This family-run gem, situated in a prime location, is more than just your typical convenience store. It also boasts a full food menu that caters to all-day cravings, from breakfast, lunch and dinner options, this establishment has become a beloved destination for both locals and passersby. This store also hosts an extensive selection of beverage options along with the convenience of a can/bottle return center. Additionally, the 2-bedroom upstairs apartment can be re-established with some TLC to provide an additional source of income. All equipment required to run the business effectively is included in the sale. The current ownership is willing to provide training and assistance to ensure a seamless handover. This business is set for ambitious entrepreneurs looking to shape their financial future and build upon an already thriving operation. Don't miss the chance to make this business your own!

Taxes & Operating Expenses (Actual - 2023) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99

Taxes & Operating Expenses (Actual - 2023) Click Here to Access

Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Convenience Store
Building Size
4,913 SF
Building Class
C
Year Built/Renovated
1926/2015
Price
$576,483 CAD
Price Per SF
$117 CAD
Tenancy
Single
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
0.16
Land Acres
0.71 AC
Zoning
C - Commercial
Parking
25 Spaces (5.09 Spaces per 1,000 SF Leased)
Frontage
205 ft on Olean-Portville Road

Amenities

  • Security System
  • Signage
  • Tenant Controlled HVAC
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
046600-094-020-0001-075-000-0000
Land Assessment
$13,047 CAD
Improvements Assessment
$138,181 CAD
Total Assessment
$151,227 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023 Payable 2023
  • Listing ID: 30040047

  • Date on Market: 2023-11-12

  • Last Updated:

  • Address: 1573 E State St, Olean, NY 14760

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