3167 Park Ave Buffalo, NY 14218
- Investment properties
- 4,834 SF
- 0.12 lot acres
Current Use by Public Records
- Investment properties
Property Details for 3167 Park Ave
- Year built
- 1900
- Lot size
- 0.12 lot acres
- Property size
- 4,834 SF
- Zone code
- NC
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 140900 142.70-4-27.1
- APU
- 140900142704271
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8245
- Latitude
- 42.8137
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
