1555 S Wells Ave - Restaurant FOR SALE


Reno, NV 89502
$2,700,000 USD
775-544-4423
1555 S Wells Ave, Reno, NV for Sale
$2,700,000 USD
Restaurant - FOR SALE
1/40
null | Request Cap Rate

1555 S Wells Ave
Reno, NV 89502


HIGHLIGHTS

  • Renovated to the Old World Charm
  • Bar updated with new plumbing
  • 3 Year Old Roof
  • Kitchens new flooring
  • Iconic Restaurant Building

OVERVIEW

Welcome to the most iconic restaurant building in Reno over the last 50 years. Renovations have brought back the elegant dark-wood feel of the famed Rapscallions Bar & Seafood House. Bring back the days of world class service, intimate dining, martinis and hand shake deals with this layout offering 4 private dining areas, 10 booths, plus 3 ultra-private dining booths. The bar and kitchen area are completely resurfaced. Bar was completely renovated with new plumbing and the roof is only 3 years old! THERE IS INTEREST FROM AN ORGANIZATION THAT COULD PROVIDE $500,000 OF ANNUAL LUNCH SALES AT THIS LOCATION! Additionally, there are 2 public bathrooms, 1 kitchen bathroom, 3 walk-in coolers, hot line and separate cold line pass through stations, 2 large prep areas, a walk in wine cellar, and 1,200 square feet of unfinished basement for more storage. Seating capacity shows 250 people. Additionally (not sure if part of square footage) is a separate external executive office with it's entrance and full bathroom. Buyer and Buyers agent to verify all!

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$436 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

GC

APN/PARCEL ID

014-135-09

ASK ABOUT THIS PROPERTY

Chris DeMayBlue Sierra RealtyMore Info
775-544-4423

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Chris DeMayBlue Sierra RealtyMore Info
775-544-4423

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.