$124,900

This multi-use commercial building offers a rare investment opportunity in the heart of downtown Portville NY! This historic building is ideally located and has been part of the community for many years and offers an exceptional opportunity for entrepreneurs, investors, or established business owners looking to expand. 1st floor features just over 1,600 sq. ft. of versatile commercial space, including an approximately 500 sq. ft. open-concept area complete with a bar, kitchen-prep area, walk-in freezer room, multiple storage and office spaces, and three half bathrooms, two for public use and one private bathroom in the rear. Previously designed for food service, the layout offers excellent potential for a restaurant, café, or other food-related business, while the spacious floor plan provides flexibility for a variety of other commercial uses. Much of the kitchen equipment is relatively new and may be negotiated as part of the sale. 2nd floor offers approximately 1,400 sq. ft. and features an existing 2-bedroom, 1-full-bathroom apartment, along with additional space that could potentially be used to expand the current apartment or create a second residential unit. With separate access from both the front and rear of the building, the upstairs offers excellent potential for rental income, owner occupancy, or additional investment opportunities. Numerous updates add to the appeal of this property, including updated plumbing and electrical, a new roof in 2025, and a recently installed 200,000 BTU furnace servicing the first floor. Public water and sewer are available throughout the building. The basement offers additional storage space with partial concrete flooring. A front entrance ramp provides accessible entry to the commercial space. Location is everything, and this property delivers! Positioned in downtown Portville with excellent exposure to both pedestrian and vehicle traffic, this location offers outstanding visibility for a growing business. Conveniently located approximately 11 minutes from Olean, NY, and Eldred, PA, 30 minutes from Wellsville, NY, 43 minutes from Ellicottville, NY, 1 hour from Jamestown, NY, and 1 hour and 30 minutes from Buffalo, NY.