1555 S Wells Ave
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1555 S Wells Ave
6,198 SF Retail Building Reno, NV 89502 $3,792,636 CAD ($612 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| 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
$3,792,636 CAD
Price Per SF
$612 CAD
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 | $403,734 CAD |
| Land Assessment | $186,067 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $217,667 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
014-135-09
Land Assessment
$186,067 CAD
Improvements Assessment
$217,667 CAD
Total Assessment
$403,734 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
-
Chris DeMay - Blue Sierra Realty
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Blue Sierra Realty
1555 S Wells Ave
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