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    OFF-MARKET
    Bars & Pubs

    2847 Park Ave, Buffalo, NY 14218-1518

    2,304 SF 0.07 ac lot Built 1900
    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US63-2349889
    Property summary
    AI-generated overview

    This exceptional opportunity presents a fully operational, turnkey bar located at 2847 South Park Ave, Buffalo, NY 14218. The 2,304 square foot establishment, situated on a 0.7-acre lot, boasts a prime location near Veterans Stadium and the OLV Basilica, ensuring high foot traffic in a densely populated area. Built in 1900 and extensively renovated in 2021, this Class C retail property features a newly added patio perfect for outdoor seating and live music events. Currently operating at 100% occupancy, the bar offers a significant return on investment. Adding to its appeal is a five-bedroom apartment above the bar, currently undergoing renovation, which promises additional rental income upon completion. The property is zoned 425 and includes one building with two stories. The asking price is $299,000, translating to $129.77 per square foot. This is a rare chance to acquire an established, profitable business in a thriving location. Don't miss this golden opportunity.

    Property profile
    Verified
    Property type Bars & Pubs
    Use group BAR, TAVERN
    Year built 1900
    Total area 2,304 SF
    Lot 0.07 ac (3,000 SF)
    Zoning code NC
    APN 140900 142.46-8-17
    UPID US63-2349889
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • The Pour House Sports Bar of Lackawanna Bar & Pub
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Hastreiter Ents LLC · 6 yrs held
    Hastreiter Ents LLC
    since 2020
    Last sale
    $130,000
    1 recorded transaction
    2020
    $130,000
    Zoning & alternative use
    NC · Buffalo, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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