1555 S Wells Ave

Investment Highlights

Renovated to the Old World Charm 3 Year Old Roof Iconic Restaurant Building Bar updated with new plumbing Kitchens new flooring

Executive Summary

Welcome to the most iconic restaurant building in Reno over the last 50 years. Renovations have brought back the elegant dark-wood feel of the famed Rapscallions Bar & Seafood House. Bring back the days of world class service, intimate dining, martinis and hand shake deals with this layout offering 4 private dining areas, 10 booths, plus 3 ultra-private dining booths. The bar and kitchen area are completely resurfaced. Bar was completely renovated with new plumbing and the roof is only 3 years old! THERE IS INTEREST FROM AN ORGANIZATION THAT COULD PROVIDE $500,000 OF ANNUAL LUNCH SALES AT THIS LOCATION! Additionally, there are 2 public bathrooms, 1 kitchen bathroom, 3 walk-in coolers, hot line and separate cold line pass through stations, 2 large prep areas, a walk in wine cellar, and 1,200 square feet of unfinished basement for more storage. Seating capacity shows 250 people. Additionally (not sure if part of square footage) is a separate external executive office with it's entrance and full bathroom. Buyer and Buyers agent to verify all!

• Sale Type    Owner User
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    6,198
• Building Class    C
• Year Built/Renovated    1953/2020
• Price    2,700,000
• Price Per SF    436
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.30
• Land Acres    0.48 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Pylon Sign