Two-Story Bar and Patio
For Sale
Contact for pricing
228 Franklin St, Buffalo, NY 14202
Two-story bar/lounge building with full basement and a large outdoor patio, positioned across from a parking ramp.
Property Size7,000 SF
Price / SF$107.14
Days on Market168
Property Features for 228 Franklin St
General Information
Standard status
Active
Size
7,000 SF
Property subtype
RETAIL
Site & Location
Neighborhood
South Abbott
Highway Access
Yes
Amenities
large outdoor patio
Building Details
Stories
2
Listing Agency:
Cushman & Wakefield | Pyramid Brokerage - Buffalo
(716) 852-7500
Listed By:
Tyler A. Balentine
(585) 507-1500
Source:
Moodyscre
Added: May 14
Changed: Oct 26
Last Checked: Oct 26 at 8:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Pyramid Brokerage - Buffalo
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Former bar/lounge available for sale or lease in Downtown Buffalo. The property is a two-story building with a full basement and existing bar/lounge infrastructure. A large outdoor patio is included, supporting a street-facing guest experience.
The building is located directly across from the Augspurger Parking Ramp. It provides convenient access to Route 33 and the I-190 Expressway, and sits near the Entertainment District, CBD, Canalside, and the Buffalo Niagara Medical Campus.
With its existing improvements and flexible layout across two floors plus the basement, the property may be suited for restaurant/bar operations, retail use, office use, or an upper-floor residential conversion, subject to applicable approvals.
The building is located directly across from the Augspurger Parking Ramp. It provides convenient access to Route 33 and the I-190 Expressway, and sits near the Entertainment District, CBD, Canalside, and the Buffalo Niagara Medical Campus.
With its existing improvements and flexible layout across two floors plus the basement, the property may be suited for restaurant/bar operations, retail use, office use, or an upper-floor residential conversion, subject to applicable approvals.
Key Highlights
- Former bar/lounge building available for sale or lease in Downtown Buffalo
- Two‑story building with full basement
- Existing bar/lounge infrastructure plus a large outdoor patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,184
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,363,680
$1.4M
Cap Rate 7%
$974,057
$974.1K
Cap Rate 9%
$757,600
$757.6K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$109.2K $15.60/SF
− Vacancy
−$11.8K −$1.68/SF
EGI
$97.4K $13.92/SF
− OpEx
−$29.2K −$4.17/SF
NOI
$68.2K $9.74/SF
Area
Buffalo, NY
Vacancy
10.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,363,680
Cap Rate 7%
$974,057
Cap Rate 9%
$757,600
Alternative Uses
Best Use
Specialty Retail
$1.15M
$1.00M – $1.34M
NOI $80,262 @ 7.0% cap · market cap 10.70%
Second Best
Retail
$974.1K
$852.3K – $1.14M
NOI $68,184 @ 7.0% cap · market cap 9.09%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,835 @ 7.0% cap · market cap 15.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 14202, NY
3,850
Population
2,452
Households
1.6
Avg Household Size
38
Median Age
45%
College-Educated
92%
High-School Grad
0.9 sq mi
ZIP Area
4,278
Density / Sq Mi
$47,990
Median Household Income
$36,936
Median Earnings
$709
Median Rent
$495,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Buffalo, NY
Similar Off Market Nearby
- Jokers Bar — 1783 Electric Ave, Lackawanna, NY 14218
- সওততজওতহডজ — 1298 Electric Ave, Buffalo, NY 14218
- The Pour House Sports Bar of Lackawanna — 2847 South Park Ave, Lackawanna, NY 14218
- Cagneys Too — 1254 Electric Ave, Lackawanna, NY 14218
- Ice House Pub — 715 Ridge Rd, Lackawanna, NY 14218
Frequently Asked Questions
What type of property is this?
Bar & Pub - Two-story bar/lounge building with full basement and a large outdoor patio, positioned across from a parking ramp.
Where is this bar & pub located?
The property is located at 228 Franklin St Buffalo, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Former bar/lounge building available for sale or lease in Downtown Buffalo; Two‑story building with full basement; Existing bar/lounge infrastructure plus a large outdoor patio
