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Property profile & analytics
OFF-MARKET Estimated value $275,000
Commercial real estate

505 Murry St Ely, NV 89301-1950

5,862 SF 0.33 ac lot Built 1906
Individually Owned 1-yr Hold Free & Clear
Property ID
US62-0570298
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1906
Total area 5,862 SF
Lot 0.33 ac (14,160 SF)
APN 001-284-15
UPID US62-0570298
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k
Owner & transaction history
Steven Harter · 1 yrs held
Steven Harter
since 2024
Last sale
$275,000
7 recorded transactions
2024
Price N/A
2024
$275,000
2016
$95,949
2016
$3,999
2013
$60,000
2013
$60,000
2013
$60,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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