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About This Home
This 0-bedroom, 0-bathroom single family at 245 Allen Street in Buffalo, NY is listed for $600,000 ($72 per sqft). Built in 1900, the home offers 8,375 sqft of living space on a N/A lot.
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.
Key Features
- Built in 1900
- 2 stories
Property Details
Monthly Cost Estimate
$3,209/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
245 Allen Street
Buffalo, NY 14201
Property Details
Heating
Questions & Answers
This 0-bedroom, 0-bathroom single family at 245 Allen Street is listed at $600,000 ($72/sqft). The estimated monthly payment is $2,600 based on 20% down at 6.5% interest.
Key features include: Built in 1900, 2 stories.
This property is listed by Carmelo A Parlato and can be reached at 7163352227 or parlato.carmelo@gmail.com.