245 Allen St

Buffalo, NY 14201

$600,000
Price
—
Beds
—
Baths
8,375 Sq. Ft.
$72 / Sq. Ft.
8,375
Sq. Ft.
$72
per Sq. Ft.

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...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.
  1. Listed by Carmelo A Parlato • Gurney Becker & Bourne
    P: (716)-849-1234 C: (716)-335-2227 parlato.carmelo@gmail.com

Property Details for 245 Allen Street

On Waterfront
No
Parking Description
Parking Fee
Zoning Code
N-2C
Nearest Cross Street
College
LISTING UPDATED: 10/15/2025 03:11 PM

Property Details for 245 Allen Street

StatusActive
MLS #B1623796
Days on Market169
Taxes$14,905 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1900
Lot Size-
CountyErie County

Location

Listing Courtesy of Gurney Becker & Bourne
Add your commute

Building Information for 245 Allen Street

Stories2Residences2Year Built1900Lot Size-

Payment Calculator

$4,207 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,965

Property Taxes

$1,242

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 245 Allen Street

Summary
Location and General Information
  • Elementary School District: Buffalo
  • High School District: Buffalo
  • Middle Or Junior School District: Buffalo
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Parking Total: .00
Taxes and HOA Information
  • Area NYSWIS Code: Buffalo City-140200
  • Tax Annual Amount: $14,905.00
Property
Lot Information
  • Building Area Total: 8375.0
  • Land Features: Rectangular, Rectangular Lot
  • Lot Size Units: Acres
  • Num Of Buildings: 1
  • Parcel Number: 140200-100-770-0003-004-000
  • Possible Uses: Retail
  • Lot Number: 4
Property and Assessments
  • Property Condition: Resale
  • Assessed Value: $746,200
  • Year Built: 1900
  • Year Built Description: Existing
  • Zoning Description: Commercial
  • Property Sub Type Additional: Mixed Use
Utilities
  • Sewer Description: Public Sewer
  • Utilities Available: Sewer Connected, Water Connected
  • Water Supply: Public
Interior and Exterior Features
Exterior Features
  • Roof Description: Asphalt, Pitched, Shingle
  • Type Of Building: Bar Tavern Lounge
Interior Features
  • Basement Description: Full
  • Basement YN: Yes
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Heating: Gas, Forced Air
  • Heating YN: Yes
  • Levels: Two
  • Sq Ft Total: 8375.0
  • Main Level Bathrooms: 0
  • Num Of Rooms: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Operating Expense Includes: Insurance
  • Stories: 2
  • Stories Total: 2
  • Vacancy Allowance Rate: .00%
Rental
Rental Information
  • Lease YN: No

Property History for 245 Allen Street

DateEvent & SourcePriceAppreciation
Jul 18, 2025

Listed (Active)

WNYREIS #B1623796

$650,000—
Dec 3, 2008

Sold (Public Record)

Public Record #263965518

$348,000—
DateEvent & SourcePrice
07/18/2025

Listed (Active)

WNYREIS #B1623796

$650,000
12/03/2008

Sold (Public Record)

Public Record #263965518

$348,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 245 Allen Street

Taxable ValueLand$32,000Additions$450,000Total$482,000
Tax Record2024$12,586 ($1,049 / month)
Home Facts
Total Finished SqFt6,013 SqFtAbove Grade Finished SqFt6,013 SqFtUnfinished Basement SqFt2,362 SqFtStories2Lot Size3,200 SqFtStyleOffice BuildingYear Built1863ZoningN-2CCountyERIEAPN140200 100.77-3-4

Schools near 245 Allen Street

This home is within Buffalo City School District.
Rating
School
Type
Grades
Distance
P.S. 84
Public - K to 12
Research Laboratory High School for Bioinformatics and Life Sciences
Public - 9 to 12
North Park Community School #50
Public - PK to 4
Discovery School
Public - PK to 8
Rating
School
Distance
P.S. 84
PublicK to 12

Research Laboratory High School for Bioinformatics and Life Sciences
Public9 to 12

North Park Community School #50
PublicPK to 4

Discovery School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 245 Allen Street, Buffalo, NY 14201

245 Allen Street is a mixed use property for sale in Buffalo, NY 14201. This property was listed for sale on July 18, 2025 by Gurney Becker & Bourne, it's currently listed at $600,000. It has been on the market for a total of 169 days and was last sold on December 3, 2008. This listing's school district is Buffalo City School District. Nearby schools include P.S. 84, Research Laboratory High School for Bioinformatics and Life Sciences and North Park Community School #50. 245 Allen Street is a 0-bed, 0-bath, 8,375 sqft mixed use property built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Gurney Becker & Bourne

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.