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    3167 Park Ave Buffalo, NY 14218

    Sponsored
    For Sale
    $499,000

    Profitable Bar & Restaurant in Lackawanna, NY

    Property size:
    5,914 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional turnkey opportunity presents a fully operational and recently remodeled bar and restaurant located at 3167 South Park Ave, Lackawanna, NY 14218. The 5,914 square foot, two-story building boasts a stylish and modern interior, featuring a spacious dining area with ample seating, a large and inviting bar perfect for socializing, and a fully equipped, modern kitchen. Additional amenities include a newly remodeled international coffee bar and restrooms. The property also includes a large, functional kitchen with updated appliances, substantial cooler and freezer space, and ample storage for dry goods. A significant advantage is the large paved parking lot, complemented by an adjacent overflow parking area, ensuring convenient customer and employee parking. Further enhancing the investment potential is a second-floor apartment, offering an additional revenue stream. The property is zoned as a Neighborhood Tavern and is currently operating at 100% occupancy. This well-maintained Class B retail property is priced at $499,000 ($84.38/sq ft) and represents a strong investment opportunity in a prime Lackawanna location. The owner's retirement sale makes this a truly unique opportunity that is priced to sell quickly. Don't miss out on this exceptional chance to acquire a thriving business in a desirable location.

    Property Features for 3167 Park Ave

    General Information

    Property type
    Restaurants
    Square Feet
    5,914 SF
    Class
    B

    Building Details

    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • 5,914 SF free‑standing building.
    • Prime location on South Park Avenue, Lackawanna, NY.
    • Spacious interior with versatile layout, including a bar, restaurant, and coffee bar.
    • Ample parking with paved lot and overflow area.
    • Well‑maintained Class B retail property with modern features.
    • Strong investment opportunity; currently operating at 100% occupancy, priced at $499,000 ($84.38/SF), includes a second‑floor apartment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8242174
    Latitude
    42.8137414

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    FAQs

    What type of property is this?
    Restaurant - Profitable Bar & Restaurant in Lackawanna, NY
    Where is this restaurant located?
    The property is located at 3167 Park Ave Buffalo, NY.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: 5,914 SF free-standing building.; Prime location on South Park Avenue, Lackawanna, NY.; Spacious interior with versatile layout, including a bar, restaurant, and coffee bar.
    Request Owner's contact information
    3167 Park Ave Buffalo, NY 14218
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    Buffalo, NY 14218
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3167 Park Ave Buffalo, NY 14218
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