Mixed-Use Building in Allentown
245 Allen St Buffalo, NY
For Sale
Contact for pricing
8,375 SF mixed-use building with established restaurant and apartment.
Property Size8,375 SF
Lot Size0.07 Acres
Price / SF$71.64
Days on Market366
Property Features for 245 Allen St
General Information
Standard status
Active
Size
8,375 SF
Lot size
0.07 Acres
Property subtype
RETAIL
Listing Agency:
Gurney Becker & Bourne
(716) 335-2227
Listed By:
Carmelo Parlato · License #10401209029
Source:
Moodyscre
Added: Jul 28, 2025
Changed: Jul 6
Last Checked: Jul 22 at 3:59AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
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Frequently Asked Questions
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.
