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3390 S Virginia St Reno, NV 89502

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For Sale
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Established entertainment center with bowling, arcade, and gambling machines.

Property size:
24,289 SF
Lot size:
1.67 Acres

Property Features for 3390 S Virginia St

General Information

Standard status
Active
Zoning
MUSV
Size
24,289 SF
Lot size
1.67 Acres

Building Details

Year built
1958

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Listing Contact
RYAN JOHNSON
Source: Crexi

Listing Agency: Johnson Group Commercial Listing Agent: RYAN JOHNSON

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

High Sierra Lanes Entertainment Center

This property, located on the South Virginia corridor between the Peppermill and Atlantis hotels and casinos, presents an opportunity for an investor or owner-user. High Sierra Lanes, an established business of over twenty years, features a family entertainment center with 24 bowling lanes, 15 gambling machines, an arcade, a full-service snack bar, a pro shop, and an embroidery shop. The business benefits from a consistent customer base of over 2000 league bowlers, with leagues operating six nights a week. Black light bowling events are hosted on Friday and Saturday nights with a DJ. The center is a popular venue for holiday parties and business gatherings. The owner is willing to provide training to a new owner or manager. The business employs seven full-time and approximately 13 part-time employees. The property is located approximately a 1/2 mile away from the emerging development of Park Lane. The property may be suitable for redevelopment into apartments or a mixed-use project. The property size is 24289 square feet.
Location Intelligence

Current Use by Public Records

High Sierra Lanes Bowling Alley GIT-R-SMOKED Take-out & Catering

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Reno
County
Washoe
State
Nevada
Longitude
-119.7958589
Latitude
39.4928761

FAQs

What type of property is this?
Bowling alley - Established entertainment center with bowling, arcade, and gambling machines.
Where is this bowling alley located?
The property is located at 3390 S Virginia St Reno, NV.
What are key features of this property?
This property features: - Substantial Net Operating Income (NOI): $285,000 in 2021, trending towards $343,000 in 2022.; - Prime Location: Situated on the South Virginia corridor between the Peppermill and Atlantis Hotel and Casinos.; - Established Business: High Sierra Lanes has been in operation for over 20 years with a consistent cash flow.
More about this property
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