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Mixed-Use Building in Allentown District

245 Allen St, Buffalo, NY

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For Sale

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8,375 SF mixed-use building with established restaurant and apartment.

Type:RETAIL

Property size:

8,375 SF

Lot size:

0.07 Acres

Price / SF:

$71/SF

Contact for Pricing

Please call us for current price
and status of this listing

Carmelo Parlato

Real Estate License ID: 10401209029

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.
Updated roof, utilities, and mechanics within the last 10 years.
Commercial sprinkler fire suppression system installed.
Mixed‑use building offering both commercial and residential income potential.

For Sale

Contact for pricing

8,375 SF mixed-use building with established restaurant and apartment.

Type:RETAIL

Property size:

8,375 SF

Lot size:

0.07 Acres

Price / SF:

$71/SF

Added:: Jul 28, 2025
Days on Market:: 318
Last Refresh:: May 20 at 8:03 pm

Property Features for 245 Allen St

General Information

Standard status: Active
Size: 8,375 SF
Lot size: 0.07 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Carmelo Parlato

Listing agent Carmelo Parlato License #10401209029

Listing office Gurney Becker & Bourne

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

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.
Updated roof, utilities, and mechanics within the last 10 years.
Commercial sprinkler fire suppression system installed.
Mixed‑use building offering both commercial and residential income potential.

Overview

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 Location Intelligence

Current Use by Public Records

Allen St Hardware ... Restaurant

Suggested Use

Similar Places Nearby

Martini Lounge — Buffalo, NY 14202
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

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For sale
Bars & Pubs
NY
Buffalo
245 Allen St

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.

245 Allen St, Buffalo, NY

8,375 SF mixed-use building with established restaurant and apartment.

Property Features for 245 Allen St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Flex Office/Warehouse with Drive-In Doors

Multi-Unit Office Building with Pylon Signage

Turnkey Restaurant Near University Campus

Five-Unit Mixed-Use Building

Freestanding Auto Repair Shop

Versatile Commercial Building in Buffalo

Two-Building Office Suite Property

Mixed-Use Restaurant and Warehouse

Harlem Road Commercial Opportunity

Harlem Road Commercial Opportunity

Four-Unit Property in Elmwood Village

Elmwood Village Four-Unit Multifamily Property

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