245 Allen Street Buffalo, NY 14201
Mixed Use
MLS #: B1623796
Courtesy Of Gurney, Becker & Bourne
Property InformationDescription
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 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.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 2
- Floors: 2
- Heating System: Forced Air
- Heating System: Natural Gas
- MLSID: B1623796
- Roof Type: Asphalt
- Roof Type: Shingle
MAP & DIRECTIONS
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