About This Restaurant
Investment Highlights
Primary Corridor on S. Virginia Street with High Visibilty Development Project Pylon Signage Gross Sales $1,600,000 in 2023!!!
Executive Summary
Located on the South Virginia corridor right between the Peppermill Hotel and Casino and the Atlantis Hotel and Casino. Just a 1/2 mile away from the new RED DEVELOPMENT High Sierra Lanes has been in business over twenty years and shows a very consistent cash flow year over year. This family entertainment center features 24 lanes of bowling, 15 gambling machines, arcade, full-service snack bar, pro shop, and embroidery shop. Gross Sales approx. $1,600,000 in 2023!!!
Property Details
- Sale Type Investment or Owner User
- Sale Conditions 1031 Exchange 1031 Exchange Sale Leaseback Redevelopment Project 1031 Exchange
- Property Type Retail
- Property Subtype Bowling Alley Bowling Alley General Retail Freestanding General Retail Restaurant General Retail Storefront Bowling Alley
- Building Size 24,289
- Building Class C
- Year Built/Renovated 1958/1965
- Price 5,000,000
- Price Per SF 206
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.33
- Land Acres 1.67 AC
Amenities
- 24 Hour Access
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Air Conditioning
Nearby Amenities & Transportation
| Retail | Umpqua Bank | ||
| Retail | Port of Subs | ||
| Retail | Round Table Pizza | ||
| Retail | IGA | ||
| Retail | Raley's | ||
| Retail | Grocery Outlet | ||
| Retail | Rent-A-Center | ||
| Retail | The Human Bean | ||
| Retail | Outback Steakhouse | ||
| Retail | Black Bear Diner |
Property Taxes
| Parcel Number | 020-201-64 | Improvements Assessment | $432,833 (2024) |
| Land Assessment | $284,317 (2024) | Total Assessment | $717,150 (2024) |
| Date Created: | 2024-07-16 04:17:59 | Last Updated: | 2024-07-16 04:17:59 |
| Address: | 3390 S Virginia St , Reno, Nevada, 89502 | ||