Jack's Burger Shack & Two Additional Building 712 Wayne St

Investment Highlights

Heavily travelled roadway Additional income units Full operational restaurant

Executive Summary

Great investment opportunity on a corner lot on a heavily travelled street in the street of Olean. This property consists of three buildings. The first building has four units including a restaurant, a retail store and totally remodeled apartments creating a very profitable business. The restaurant has great potential with plenty of outside seating and numerous parking spaces. The restaurant is fully operational and all the equipment is included. The retail store could be used as additional income or integrated back into the restaurant. Both apartments have been remodeled and are currently leased. They both have laundry and all appliances are included. The whole building has new electric services. The next building has recently been remodeled as a residential dwelling. The third building is in need of repair and could be a office/reatil store with an apartment above There is plenty of parking for all the units. This listing now includes 712 Wayne Street.

• Sale Type    Investment or Owner User
• Sale Condition    Lease Option
• Property Type    Retail
• Property Subtype    Storefront Retail/Residential Storefront Retail/Residential General Retail Bar General Retail Restaurant Office Office Residential Storefront Retail/Residential
• Building Size    4,292
• Building Class    B
• Year Built    1920
• Price    449,900
• Price Per SF    105
• Percent Leased    49
• Tenancy    Multiple
• Building Height    2 Stories
• Building FAR    0.33
• Land Acres    0.30 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Bus Line
• Corner Lot
• Restaurant
• Security System
• Storage Space