351 Silver StElko, NV 89801

Property Details for 351 Silver St

Year built

1948

Lot size

0.17 AC

Property size (Sq ft)

5,026 SF

Zone code

ZC

Property type

Turn key restaurants

APN

001-344-003

APU

1344003

Description

This Elko, Nevada commercial property, located at 351 Silver Street, zip code 89801, presents a unique investment opportunity. The 7,289 square foot building is classified as industrial and commercial, offering versatile usage potential. The property includes a main level with approximately 160-person capacity dining space, a recently renovated full bar featuring a 3-tap kegerator, wine rack, wine fridge, and gas fireplace. Additional amenities include a register counter, two ADA-compliant bathrooms, and two walk-in coolers. Built-in shelving is also present. Upstairs, there is an additional 1,633 square feet of space, previously used as rental units, offering significant redevelopment potential. A 2,263 square foot unfinished basement area provides further expansion possibilities. The property sits on a 7,400 square foot lot and includes its own parking lot, with additional parking available in the adjacent corridor. This established location offers a strong foundation for a thriving business, whether continuing the existing use or implementing a new concept. The asking price for this versatile property is $640,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,332,482

  6.5%

  $1,229,983

  7%

  $1,142,127

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,900,278

  Geo Method

  $2,900,278

• Alternative Use

  Use

  Valuation

  Residential

  $1,037,537

  Hospitality

  $950,378

  Educational

  $790,703

  Medical

  $817,897

  Retail

  $1,229,983

Location Insight

City

Elko

County

Elko

State

Nevada

Latitude

40.8299

Longitude

-115.762

CBSA code

21220

CBSA name

ELKO, NV MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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