505 Murry St, Ely, NV 89301-1950
This exceptional 5,862 square foot storefront property, located at 505 Murry Street in Ely, Nevada, presents a unique investment opportunity. Built in 1906, this historic building boasts a rich history and charming character. The property includes the former St. Lawrence Hall, featuring a beautiful mature landscaped courtyard enclosed by a brick fence. This versatile space offers numerous potential uses, including weddings, funerals, parties, reunions, and more. Recent improvements include new windows and a commercial kitchen. The chapel area is equipped with a heating and air conditioning unit, and St. Lawrence Hall itself contains two bathrooms. Priced at $55 per square foot, this property represents a compelling value in the heart of Ely, White Pine County, zip code 89301. The property's size and historical significance make it an ideal investment for a discerning buyer seeking a unique and versatile commercial space. This is a rare opportunity to own a piece of Ely's history and capitalize on its potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.