395 C St Virginia City, NV 89440
This exceptional property in Virginia City, Nevada, presents a rare opportunity to own a piece of history and secure a lucrative investment. The 4,140 square foot property comprises two buildings on a 0.1-acre lot. The main building, a beautifully preserved two-story stone and brick structure dating back to 1873, currently houses a thriving 55-seat restaurant and bar occupying 2,186 square feet on the ground floor and an additional 1,250 square feet upstairs, with 440 square feet improved. The restaurant is currently operating at 100% occupancy. Adjacent to the main building is a separate two-story, 1,199 square foot, three-bedroom, two-bathroom home, currently rented month-to-month. This offers potential for owner occupancy or additional rental income as an Airbnb. The property boasts a prime location on a main street, just blocks from the fairgrounds, benefiting from high tourist traffic and local events. The Commercial Residential (CR) zoning allows for diverse uses, including retail, bar, restaurant, or a combination. The property features two keys, two units, and two buildings, all built in 1873 and renovated in 2004. The asking price is $1,250,000, with a price per square foot of $301.93 and a price per unit of $625,000. Its proximity to Reno, Lake Tahoe, and major tech companies adds to its investment appeal. This well-maintained property offers a unique blend of historical charm, income-generating potential, and strategic location, making it an ideal investment for those seeking both immediate returns and long-term growth. Enjoy the scenic views, rich history, and vibrant atmosphere of Virginia City while capitalizing on this exceptional opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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