6479 North St Ely, NV 89301
This exceptional retail property in Ely, Nevada, offers a unique investment opportunity. The main building boasts 3,896 square feet on one story, including a fully equipped commercial kitchen with stainless steel appliances, large walk-in refrigerator and freezer, dining room, classrooms, offices, and two identical apartments, each with laundry facilities. A finished 3,056 square foot basement provides additional office space, a medical room, and a large gathering/meeting room. Two additional buildings, each 1,776 square feet, feature living areas, bathrooms, laundry facilities, staff bathrooms, and four bedrooms each, capable of housing sixteen residents (four per bedroom). One dorm has a full basement for storage. All structures are constructed of 8-inch lodge pole pine logs with pre-engineered steel interlocking sheet roofing and are connected by concrete sidewalks with ramps for handicapped access and covered entrances. The property utilizes a hot water heating system powered by a nearby natural hot spring. Situated on 20 acres of a 40-acre parcel, this property presents significant potential for redevelopment or repurposing. The asking price is $1,200,000. The property is currently vacant.
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
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.