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    131 Van Rensselaer St Buffalo, NY 14210

    Sponsored
    For Sale
    $429,000

    Turnkey operation, 5870 sq ft, two apartments.

    Property size:
    5,870 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional turnkey restaurant and bar opportunity is located at 131 Van Rensselaer Street in Buffalo, New York's vibrant Larkinville neighborhood. The 5,870 square foot property, built in 1920 and extensively renovated in 2020, boasts a vintage tavern atmosphere. All equipment is included, making this a truly move-in-ready establishment. Its prime location offers convenient access to the Arena, Canalside, and downtown Buffalo, ensuring high visibility and foot traffic. The property features an attractive outdoor patio space, perfect for expanding seating during warmer months. Adding to its investment potential, two second-floor apartments provide additional rental income streams. Recent upgrades include significant plumbing improvements and a new steel roof awning, among other enhancements. The asking price for this exceptional property is $429,000. This is a rare opportunity to acquire a well-established, profitable business with significant upside potential in a rapidly growing area. The property is a two-story building situated in Erie County, NY, zip code 14210.

    Property Features for 131 Van Rensselaer St

    General Information

    Property type
    Restaurants
    Square Feet
    5,870 SF

    Building Details

    Year Built/Renovated
    1920/2020
    Stories
    2

    HighLights

    • Turnkey restaurant and bar with two apartments in Buffalo's Larkinville neighborhood.
    • All equipment included in the sale.
    • Recently renovated with significant upgrades including plumbing and roofing.
    Property Profile Location Intelligence

    Current Use by Public Records

    LibertyX Bitcoin ATM Atm Marinaro's Larkin Tavern Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8510949
    Latitude
    42.873245

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    FAQs

    What type of property is this?
    Restaurant - Turnkey operation, 5870 sq ft, two apartments.
    Where is this restaurant located?
    The property is located at 131 Van Rensselaer St Buffalo, NY.
    What is the asking price?
    The asking price for this property is $429,000.
    What are key features of this property?
    This property features: Turnkey restaurant and bar with two apartments in Buffalo's Larkinville neighborhood.; All equipment included in the sale.; Recently renovated with significant upgrades including plumbing and roofing.
    Request Owner's contact information
    131 Van Rensselaer St Buffalo, NY 14210
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    Buffalo, NY 14210
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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
    131 Van Rensselaer St Buffalo, NY 14210
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