245 Allen St Buffalo, NY
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8,375 SF mixed-use building with established restaurant and apartment.
Type:RETAIL
Property size:
8,375 SFLot size:
0.07 AcresPrice / SF:
$71/SF- Added:
- Jul 28, 2025
- Days on Market:
- 272
- Last Refresh:
- Apr 5 at 10:26 pm
Property Features for 245 Allen St
General Information
- Standard status
- Active
- Size
- 8,375 SF
- Lot size
- 0.07 Acres
- Property subtype
- RETAIL
Listing agent Carmelo Parlato License #10401209029
Listing office Gurney Becker & Bourne (716) 849-1234
Listing date Jul 28, 2025
Source Moodyscre
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 Gurney Becker & Bourne
Overview
Mixed-Use Building in Allentown District
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Allen St Hardware ...
Restaurant
Similar Places Nearby
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- Buffalo Pub Concepts — 257 Franklin St, Buffalo, NY 14202, United States
- Local Kitchen & Beer Bar — 88 W Chippewa St, Buffalo, NY 14202
- Buffalo Tap House — 85 W Chippewa St, Buffalo, NY 14202
- Underground Niteclub — 274 Delaware Ave #2, Buffalo, NY 14202
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8792
- Latitude
- 42.8997
Nearby Similar for Sale
FAQs
What type of property is this?
Bar & Pub - 8,375 SF mixed-use building with established restaurant and apartment.
Where is this bar & pub located?
The property is located at 245 Allen St Buffalo, NY.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Established restaurant/bar (Allen Street Hardware) provides immediate income stream.; Prime location in the Allentown Historic Preservation District, near the Buffalo Niagara Medical Campus.; Gross yearly income of $67,200 from existing leases.
