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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.
Highlights
Prime location in historic Ely, NV, known for live music, karaoke, and pool tournaments.
Features a spacious bar/band/dance floor and a 3-bedroom/1-bath apartment with a full kitchen, offering rental income potential.
Partially finished basement includes a conference room, woodshop, and ample space for expansion.
Recently upgraded with a new EPDM roof, electrical, plumbing, electric heat, and evaporative cooling system.
Multiple income streams from pool tables, jukebox, video games, vending machines, and four included gaming machines.
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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