2847 Park AveBuffalo, NY 14218

For Sale
$299,000

Turnkey Bar, High Traffic Area, Great Income Potential

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional opportunity presents a fully operational, turnkey bar located at 2847 South Park Ave, Buffalo, NY 14218. The 2,304 square foot establishment, situated on a 0.7-acre lot, boasts a prime location near Veterans Stadium and the OLV Basilica, ensuring high foot traffic in a densely populated area. Built in 1900 and extensively renovated in 2021, this Class C retail property features a newly added patio perfect for outdoor seating and live music events. Currently operating at 100% occupancy, the bar offers a significant return on investment. Adding to its appeal is a five-bedroom apartment above the bar, currently undergoing renovation, which promises additional rental income upon completion. The property is zoned 425 and includes one building with two stories. The asking price is $299,000, translating to $129.77 per square foot. This is a rare chance to acquire an established, profitable business in a thriving location. Don't miss this golden opportunity.

Highlights

  • 2,304+/- SF of space.
  • Excellent location.
  • Competitively priced.
  • Turnkey operation ready for immediate occupancy.
  • Established business with proven track record.
  • Recently renovated.

Property Details for 2847 Park Ave

Property type
Other retail properties, Restaurants
Square Feet
2,304 SF
Class
C
Year Built/Renovated
1900/2021
Buildings
1
Stories
2
Lot Size (sq. ft)
30,492 SF
Units
1

Location Insight

City
Buffalo
County
Erie
State
New York
Latitude
42.8225176
Longitude
-78.8242617
2847 Park Ave, Buffalo, New York

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2847 Park Ave
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