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186 Allen St 14,554 SF Retail Building Buffalo, NY 14201 $1,800,000 ($123.68/SF)
INVESTMENT HIGHLIGHTS
- High foot and vehicle traffic location
- Prime corner location
EXECUTIVE SUMMARY
Prime Corner Property in the Heart of Allentown/Elmwood Corridor
Rare opportunity to own a high-visibility corner property located at 186 Allen Street (Former Towne Restaurant), at the intersection of Allen and Elmwood Avenue—one of Buffalo’s most dynamic and walkable urban corridors.
This 14,554 SF two-story masonry building sits on 0.36 acres and features 37 dedicated parking spaces, a major advantage in this high-demand district. Formerly home to a popular Town Restaurant, the property is now vacant and ready for conversion—ideal for a medical, dental, pharmacy, retail, or restaurant reuse.
Positioned just minutes from the Buffalo Niagara Medical Campus, downtown Buffalo, and surrounded by a mix of housing, restaurants, and retail, the site benefits from heavy pedestrian and vehicle traffic. Its corner exposure, signage visibility, and on-site parking make it one of the most attractive redevelopment opportunities in the market.
Highlights:
14,554 SF building on 0.36 acres
37 on-site parking spaces
Corner visibility at Allen & Elmwood
High foot and vehicle traffic (11,000+ AADT)
Walk Score 95 – “Walker’s Paradise”
Minutes to Buffalo Niagara Medical Campus and Downtown
Surrounded by restaurants, retail, and residential growth
Ideal for medical, dental, pharmacy, or food service conversion
Offering Price: $1,800,000
Zoning: N-2C (Mixed-Use Center)
Status: Vacant / Immediate Occupancy
Rare opportunity to own a high-visibility corner property located at 186 Allen Street (Former Towne Restaurant), at the intersection of Allen and Elmwood Avenue—one of Buffalo’s most dynamic and walkable urban corridors.
This 14,554 SF two-story masonry building sits on 0.36 acres and features 37 dedicated parking spaces, a major advantage in this high-demand district. Formerly home to a popular Town Restaurant, the property is now vacant and ready for conversion—ideal for a medical, dental, pharmacy, retail, or restaurant reuse.
Positioned just minutes from the Buffalo Niagara Medical Campus, downtown Buffalo, and surrounded by a mix of housing, restaurants, and retail, the site benefits from heavy pedestrian and vehicle traffic. Its corner exposure, signage visibility, and on-site parking make it one of the most attractive redevelopment opportunities in the market.
Highlights:
14,554 SF building on 0.36 acres
37 on-site parking spaces
Corner visibility at Allen & Elmwood
High foot and vehicle traffic (11,000+ AADT)
Walk Score 95 – “Walker’s Paradise”
Minutes to Buffalo Niagara Medical Campus and Downtown
Surrounded by restaurants, retail, and residential growth
Ideal for medical, dental, pharmacy, or food service conversion
Offering Price: $1,800,000
Zoning: N-2C (Mixed-Use Center)
Status: Vacant / Immediate Occupancy
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
14,554 SF
Building Class
C
Year Built
1942
Price
$1,800,000
Price Per SF
$123.68
Tenancy
Single
Building Height
2 Stories
Building FAR
0.93
Lot Size
0.36 AC
Zoning
Commercial - Commercial
Parking
37 Spaces (2.54 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Towne Restaurant
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Towne Restaurant | Retailer | - | - | - |
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 140200-100-770-0007-001-100 | Improvements Assessment | $566,400 |
| Land Assessment | $178,600 | Total Assessment | $745,000 |
PROPERTY TAXES
Parcel Number
140200-100-770-0007-001-100
Land Assessment
$178,600
Improvements Assessment
$566,400
Total Assessment
$745,000
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186 Allen St
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