3155 Eastlake Blvd

3155 Eastlake Blvd , Washoe Valley, Nevada, 89704 | 3,634 sq.f | $ 850,000

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About This Restaurant

Investment Highlights

Executive Summary

Welcome to this unique multi-tenant property on approximately 1.1 acres along Eastlake Boulevard in Washoe Valley. This versatile property offers an array of amenities and opportunities, making it an ideal investment for discerning entrepreneurs and investors alike.Key Features:1.???? Diverse Tenant Mix: The property boasts a synergistic mix of tenants, including a popular bar, a charming caf?, a versatile warehouse space, and a food truck tenant. This diverse blend of businesses ensures a steady stream of foot traffic and potential for various revenue streams.2.???? Bar with Event Space: The leased bar features a spacious lawn area that doubles as an event space, providing ample opportunities for hosting gatherings, live music events, and community celebrations. This dynamic feature enhances the property's appeal and offers tenants and patrons a unique experience.3.???? Caf? Opportunity: The caf? space, currently available for lease, presents an exciting opportunity for a budding entrepreneur to establish a culinary venture in a prime location. With its inviting atmosphere and high visibility, this space holds immense potential for success.4.???? Versatile Warehouse: The warehouse, previously utilized as a taxidermy shop, offers a versatile layout suitable for a wide range of businesses and activities. Its current month-to-month lease status provides flexibility for future adaptation and customization to meet the needs of new tenants or owners.5.???? Vacant Land Potential: Approximately 0.4 acres of vacant land on the property present an excellent opportunity for expansion or development. Whether used for additional event space, outdoor dining areas, or future construction projects, this land offers endless possibilities to maximize the property's value and utility.6.???? Prime Location: Situated along Eastlake Boulevard, a prominent thoroughfare in Washoe Valley, the property enjoys high visibility and easy access for both locals and tourists. Its strategic location within a thriving commercial area ensures steady traffic flow and exposure for businesses.7.???? Scenic Surroundings: Nestled amidst the picturesque landscapes of Washoe Valley, the property offers breathtaking views and a tranquil ambiance, creating an inviting setting for patrons and visitors alike.

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Bar
  • Building Size    3,634
  • Building Class    B
  • Year Built    1967
  • Price    850,000
  • Price Per SF    234
  • Cap Rate    7.50
  • NOI    63,750
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.08
  • Land Acres    1.02 AC

Amenities

  • Fenced Lot

Property Taxes

Parcel Number 050-419-08 Improvements Assessment $42,723
Land Assessment $57,417 Total Assessment $100,141
Date Created: 2024-07-16 04:18:00 Last Updated: 2024-07-16 04:18:00
Address: 3155 Eastlake Blvd , Washoe Valley, Nevada, 89704