1555 S Wells Ave
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1555 S Wells Ave
6,198 SF Retail Building Reno, NV 89502 $2,700,000 ($436/SF)
Investment Highlights
- Renovated to the Old World Charm
- 3 Year Old Roof
- Iconic Restaurant Building
- Bar updated with new plumbing
- Kitchens new flooring
Executive Summary
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!
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,198 SF
Building Class
C
Year Built/Renovated
1953/2020
Price
$2,700,000
Price Per SF
$436
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Land Acres
0.48 AC
Opportunity Zone
Yes
Zoning
GC - General Commercial Zoning
Parking
33 Spaces (3.55 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Walk Score ®
Walker's Paradise (93)
Bike Score ®
Very Bikeable (78)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 014-135-09 | Total Assessment | $287,069 |
| Land Assessment | $132,300 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $154,769 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
014-135-09
Land Assessment
$132,300
Improvements Assessment
$154,769
Total Assessment
$287,069
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
-
Chris DeMay - Blue Sierra Realty
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Blue Sierra Realty
1555 S Wells Ave
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