Seller Financing
Address
229 Allen Street, Buffalo, NY
Price
$ 2,000,000
Property Attributes
  • MLS#B1442135
  • TypeCommercial
  • CountyERIE
  • CityBuffalo
  • AreaBuffalo City
  • Zip14201
  • Style
  • Year Built1890
  • Taxes$ 5433
  • Price$ 2,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage11340
  • Lot Size3,750 SqFt
Data Source:
Central New York Information Services (CNYIS)
Property Description

3 story brick building in the heart of Allentown, home of the iconic Mulligan's Brick Bar since 1934. The building is 11,340sqft w/approximately 4,000sqft on the 1st floor.The property & business are being sold together along with a lease on the adjacent parking lot.The 2nd & 3rd floor are mostly gutted/open spaces in need of rehabilitation however, prior to the liquor license being established in 1934, the 2nd floor consisted of 2 apartments and a separate speakeasy/Ballroom.1st floor bar room is loaded w/ character quintessential to its identity & the neighborhoods.1st floor has long front bar w/ a brick base & a back bar.There are 2 updated bathrooms for patrons,1 for employees,1st floor walk-in cooler, DJ booth, & front deck for patrons.Back bar includes a small type 2 hood & was formerly a kitchen.Ornate brick patterns.The building is a contributing structure to the nationally recognized Allentown Historic Preservation District meaning that both the business and building are eligible for the full 40% in Historical Tax Credits.The business will continue to operate thru-out the sale process.Turnkey business,primed for development. Sellers will hold mortgage.

Price History
11/15/2023 Listed $2,000,000

General Features

Sewer PublicSewer
Heating Gas,ForcedAir,HotWater
Utilities SewerConnected
Possession CloseOfEscrow
Roof Asphalt,BuiltUp,Membrane,Pitched,Rubber,TarGravel
Zoning N-2C
Year Built 1890
Stories 3
Township Not Applicable
Business Type BarTavernLounge
County Erie
Net Operating Income -5433.0
Property Type CommercialSale
Status Active
Directions On Allen Between College and Mariner
City Buffalo
High School District Buffalo
Zoning Description Business
MLS Area Buffalo City-140200
Lot Size Square Feet 3750.0
Waterfront Y/N No
Street Name Allen
Year Built Details Existing
Tax Annual Amount 5433.0
Property Condition Resale
Lease Considered Y/N No
Days on Market 70
Standard Status Active
Middle/Junior School District Buffalo
Elementary School District Buffalo
Tax Assessed Value 225000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 3

Interior Features

Basement Full
Total Stories 3
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Street Suffix Street

Exterior Features

Parking Features ParkingLot
Lot Features Rectangular
Total Parking 15.0
Inclusions Equipment,Inventory,Land,Building and Business
Number of Buildings 1
Building Area Total 11340.0
Lot Dimensions 30X125
Lot Size Units Acres

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 14201

Price
AVG $740K
$2M
Taxes
AVG $5,634
$5,433
Visits
AVG 53
55
Data Provided by Inside Real Estate®
Year Built
AVG 1898
1890
Walkscore
AVG 96
96
Data Provided by Walkscore® not using MLS data

Areas We Cover

Fair Housing Icon NY Fair Housing Notice