245 Allen ST, Buffalo, NY 14201
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245 Allen ST, Buffalo, NY 14201
245 Allen ST, Buffalo, NY 14201
245 Allen ST, Buffalo, NY 14201
245 Allen ST, Buffalo, NY 14201
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Keith Schuderer

Keith Schuderer

+1(315) 736-7262
$ 600,000
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245 Allen ST Buffalo, NY 14201

8,375 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

Square Footage 8,375 sqft

Price per Sqft $71

MLS Listing ID B1623796

Construction Status Existing

HOA Y/N No

Year Built 1900

Annual Tax Amount $14,905

Lot Dimensions 32X100

Property Sub-Type Mixed Use

Property Description

245 Allen Street is a 8,375 square foot, mixed-use building located at the corner of Allen Street and College Street in the heart of the Allentown Historic Preservation District just steps to the Buffalo Niagara Medical Campus. The entire first floor of the building operates as "Allen Street Hardware", an established restaurant and bar that has been in business for over 20 years. The bar is leased for $5,000/month with the leasee paying all utilities, there is also an apartment that is rented for an additional $600/month also not including utilities, making the gross yearly income of $67,200. Property taxes are paid by the owner/seller. The building includes a commercial sprinkler fire suppression system. The front of the second floor is used for restaurant storage while the rear of the second floor is where the apartment is located. The roof, utilities, and mechanics were updated in the last 10 years. full attic/full basement. The lease for the bar is for 5 years with an option for an additional 5 years and was initiated in 2022.

Location

State NY

County Erie

Area Buffalo City-140200

Zoning N-2C

Rooms

Basement Full

Interior

Heating Gas, Forced Air

Inclusions Land and Building

Fireplace No

Exterior

Utilities Available Sewer Connected, Water Connected

Roof Type Asphalt,Pitched,Shingle

Building

Lot Description Rectangular, Rectangular Lot

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Construction Status Existing

Schools

School District Buffalo

Others

Tax ID 140200-100-770-0003-004-000

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

Listed by Gurney Becker & Bourne 716-335-2227

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Keith Schuderer

Keith Schuderer

Lic. RE Associate Broker | License ID: 30SC0678413

+1(315) 736-7262

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