229 Allen Street Buffalo NY 14201 | B1442135

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.

Property Details

Price:
$2,000,000
MLS #:
B1442135
Status:
Active
Baths:
0
Address:
229 Allen Street
Type:
Commercial
City:
Buffalo
Listed Date:
Jan 1, 1970
State:
NY
Finished Sq Ft:
11,340
ZIP:
14201
Subdivision:
Allentown
Lot Size:
Year Built:
1890

Schools

School District:
Buffalo

Interior

Heating
Gas, Forced Air, Hot Water

Exterior

Parking Features
Parking Lot
Roof
Asphalt, Built- Up, Membrane, Pitched, Rubber, Tar/ Gravel

Financial

Buyer Agent Compensation
2%
Net Operating Income
$-5,433
Taxes
$5,433

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229 Allen Street
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