There's a lot of activity in Buffalo when it comes to the real estate market. Whether it's residential or commercial sales, Buffalo remains one of the hottest markets in the country.

While inflation and rising interest rates have had an impact on some aspects of our society, including the price and value of properties, that has seemed to only put a small damper on business in the real estate market.

That fact can simply be seen in all of the development that is occurring all around the area. There are a series of new home and apartment developments all around the city, along with new businesses popping up every day.

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One property in a prime location in Buffalo drives that point.

186 Allen Street recently hit the market and is currently listed for sale, which is the home of one of the most popular late-night eateries in Buffalo.

The Towne Restaurant has occupied this corner since the 1970s and the building that houses it is up for a new owner.

While the sale does not include the restaurant, which would continue to operate as a separate business, the building itself is massive and sits in a great highly desirable location just outside of downtown Buffalo in Allentown.

The building features more than 14,000 square feet of space and has onsite parking for more than 30 cars. The 2nd floor of the building has been used for office space in the past and would make potentially make space for several nice-sized apartments.

Rick Recckio, Recckio Real Estate & Development Inc., (716) 834-7777
Rick Recckio, Recckio Real Estate & Development Inc., (716) 834-7777

The sales price is not available on the listing, so if you're interested in this property, you're just going to need to reach out to the broker to make a deal happen.

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