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228 Franklin St
Buffalo, NY 14202

Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Bar
Building Size
10,500 SF
Building Class
C
Year Built/Renovated
1922/2016
Tenancy
Single
Building Height
2 Stories
Building FAR
1.72
Lot Size
0.14 AC
Zoning
N-1D
Parking
2 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
50’ on Franklin St

ABOUT 228 FRANKLIN ST , BUFFALO, NY 14202

Are you ready to acquire the best available bar for sale in downtown Buffalo, NY… Welcome to the MES Lounge. Prime Location on Franklin in downtown Buffalo, within walking distance to the Curtiss Hotel and positive cash flow of over $250k NET. This is the bar to buy. Business within leased space now available for sale. The MES Lounge features 2 bars, 2 VIP seated areas and an outdoor patio. Bonus: There is a second floor of undeveloped space perfect for expansion of lounge, office space or another business. Current business owners leased the space undeveloped and invested over $250k in renovations including: signage, sound system, alarm and fire panel system, ID check system, electrical, light fixtures, plumbing, HVAC, drywall, interior brick restoration and construction of both bars with register systems, coolers, ice machines, shelves, granite counters and stone masonry for finishes. All financials substantiated with data and disclosed upon a confidentiality agreement. Business is secured in a long term lease with renewable options plus “first right” clause for building ownership. MES Lounge will remain open, and existing scheduled events will occur. Owner relocation is the only motive for the sale of this successful business. New owner can maintain the existing business known as MES Lounge or provide new business name and concept. Real Estate not included in price for business. Existing ownership open to management contract to assist new owner with operations and relationships with special guests, DJs, hosts, promoters and staff. Cash Sale Preferred. Owner will consider seller finance proposals with 50% down payment. For more information or to schedule an appointment to tour please contact me direct. Licensed Brokers and Realtors welcome. All qualified buyers will be considered.

PROPERTY TAXES

  • Listing ID: 15362819

  • Date on Market: 3/6/2019

  • Last Updated:

  • Address: 228 Franklin St, Buffalo, NY 14202