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Property profile & analytics
FOR SALE
Turn key restaurants

351 Silver St Elko, NV 89801

5,026 SF 0.17 ac lot Built 1948
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US62-1106713
Property summary
AI-generated overview

This Elko, Nevada commercial property, located at 351 Silver Street, zip code 89801, presents a unique investment opportunity. The 7,289 square foot building is classified as industrial and commercial, offering versatile usage potential. The property includes a main level with approximately 160-person capacity dining space, a recently renovated full bar featuring a 3-tap kegerator, wine rack, wine fridge, and gas fireplace. Additional amenities include a register counter, two ADA-compliant bathrooms, and two walk-in coolers. Built-in shelving is also present. Upstairs, there is an additional 1,633 square feet of space, previously used as rental units, offering significant redevelopment potential. A 2,263 square foot unfinished basement area provides further expansion possibilities. The property sits on a 7,400 square foot lot and includes its own parking lot, with additional parking available in the adjacent corridor. This established location offers a strong foundation for a thriving business, whether continuing the existing use or implementing a new concept. The asking price for this versatile property is $640,000.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1948
Total area 5,026 SF
Lot 0.17 ac (7,405 SF)
Zoning code ZC
APN 001-344-003
UPID US62-1106713
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Luciano's Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Lucianos Series Property LLC · 13 yrs held
Lucianos Series Property LLC
since 2013
7 recorded transactions
2023
Price N/A
2013
Price N/A
2013
Price N/A
2013
$175,656
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
ZC · Elko, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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