Current Use by Public Records
- Northern Nv Foundation / Social Service Agency / Charitable Organization
- Reno Garage Door Repair / Building Supply / General Contractor
Property Details for 1555 Wells Ave
- Year built
- 1970
- Lot size
- 0.48 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.803
- Latitude
- 39.5102
