111 Allen RdFallon, NV 89406

Property Details for 111 Allen Rd

Year built

1974

Construction

CONCRETE BLOCKS

Lot size

0.24 AC

Property size (Sq ft)

2,429 SF

Zone code

C2

Property type

Turn key restaurants

APN

001-251-33

APU

125133

Description

This exceptional turnkey restaurant opportunity in Fallon, Nevada, presents a rare chance to acquire a well-established eatery. Located at 111 South Allen Road, this 3,771 square foot property sits on a 0.24-acre lot (10,454 square feet) and is zoned C2. Originally built in 1974, with additions in 1980 and 1984, the building boasts a rustic charm with wood flooring, a full bar, ample seating, a large cafeteria-style dining area, a kitchen complete with a walk-in pantry, a small office, and two bathrooms. The property's prime location is just two blocks south of the Reno Highway, providing convenient access and ample parking. Surrounding businesses include a hotel to the west and other retail and restaurants to the north, with retail, residential, and vacant land to the south. The asking price is $649,000, translating to $172.10 per square foot. This meticulously maintained property is in excellent condition and ready for immediate occupancy, making it an ideal investment for an experienced restaurateur seeking a move-in ready establishment. The property's APN is 001-251-33. A virtual tour is available.

• CAP approach

  CAP return

  Valuation

  6%

  $679,140

  6.5%

  $626,898

  7%

  $582,120

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,401,666

  Geo Method

  $1,401,666

• Alternative Use

  Use

  Valuation

  Residential

  $528,812

  Hospitality

  $484,389

  Educational

  $403,006

  Medical

  $416,866

  Retail

  $626,898

Location Insight

City

Fallon

County

Churchill

State

Nevada

Latitude

39.475

Longitude

-118.8

CBSA code

21980

CBSA name

FALLON, NV MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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