245 Allen St Buffalo, NY 14201

The property at 245 Allen Street is an 8,375 square foot mixed-use building situated at the corner of Allen Street and College Street, located in the Allentown Historic Preservation District, near the Buffalo Niagara Medical Campus. The entire first floor is occupied by "Allen Street Hardware", a restaurant and bar that has been in operation for over 20 years. The bar is currently leased for $5,000 per month, with the tenant responsible for all utility costs. Additionally, there is an apartment that is rented for $600 per month, also excluding utilities. The gross yearly income totals $67,200. The property owner covers the property taxes. The building is equipped with a commercial sprinkler fire suppression system. The front portion of the second floor serves as storage for the restaurant, while the apartment is located at the rear. The roof, utilities, and mechanics have been updated within the last 10 years. The building includes a full attic and a full basement. The bar lease, initiated in 2022, is for a term of 5 years with an option for an additional 5 years.