For Sale
$2,700,000

1555 Wells Ave Reno, NV 89502

Prime location, fully renovated, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional Class A retail property, located at 1555 S Wells Ave, Reno, NV 89502, presents a unique investment opportunity. The 6,198 square foot building, situated on a 0.48-acre lot (APN: 014-135-09), boasts a rich history as a renowned Reno restaurant. Completely renovated in 2020, it retains its elegant dark-wood aesthetic while offering modern amenities. The layout includes four private dining areas, ten booths, and three ultra-private booths, accommodating a seating capacity of 250. The fully resurfaced bar and kitchen feature new plumbing, a three-year-old roof, three walk-in coolers, hot and cold line pass-through stations, two large prep areas, and a walk-in wine cellar. Two public restrooms and one kitchen restroom are also included. A 1,200 square foot unfinished basement provides ample storage. A separate external executive office with its own entrance and full bathroom is an added bonus. The property is zoned GC and offers significant upside potential, with strong interest from an organization projecting $500,000 in annual lunch sales. The asking price is $2,700,000 ($435.62/sq ft). This is a vacant, owner/user investment opportunity. Buyer and buyer's agent to verify all information.

Highlights

  • Strong potential for $500,000 in annual lunch sales from a pre-identified organization.

Property Details for 1555 Wells Ave

Property type
Retail properties, Restaurants
Square Feet
6,198 SF
Class
A
Year Built/Renovated
1970/2020
Buildings
1
Stories
1
Lot Size (sq. ft)
20,909 SF

Location Insight

City
Reno
County
Washoe
State
Nevada
Latitude
39.5102151
Longitude
-119.8034283

FAQs

What type of property is this?
Retail property - Prime location, fully renovated, high potential.
Where is the retail property located?
The property is located at 1555 Wells Ave Reno, NV.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Strong potential for $500,000 in annual lunch sales from a pre-identified organization.; ;
How can I contact the broker?
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1555 Wells Ave
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