735 Aultman St Ely, NV 89301
For Sale
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This exceptional investment opportunity in historic Ely, Nevada, presents a thriving retail bar at 735 E Aultman St, Ely, NV 89301, for $700,000. The 8,828 square foot property, built in 1940, boasts a spacious bar/band/dance floor area, and a separate three-bedroom, one-bathroom apartment with a full kitchen, generating additional rental income. A partially finished basement offers a 435 sq ft conference room, an 825 sq ft woodshop, and over 2,500 sq ft of adaptable space. Recent upgrades include a new EPDM roof, updated electrical and plumbing systems, and an energy-efficient electric heat and evaporative cooling system. Multiple revenue streams are established through two pool tables, a jukebox, video games, vending machines, and four included gaming machines. The property sits on a prominent location in Ely's historic district, benefiting from high foot and vehicle traffic, adjacent to Veterans Memorial Park. This single-story, Class C building presents a unique blend of historic charm and modern amenities, offering significant potential for expansion and increased revenue generation. The property includes a grandfathered liquor license. This owner-user investment opportunity combines established income streams with substantial room for growth and customization. The property's prime location and diverse income sources make it an attractive investment with strong return potential.
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Club Rio Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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