735 Aultman StEly, NV 89301

For Sale
$700,000

Bustling bar, rental apartment, huge potential.

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Property Details for 735 Aultman St

Property type
Other retail properties, Restaurants
Square Feet
8,828 SF
Class
C
Year Built
1940
Buildings
1
Stories
1

Location Insight

City
Ely
County
White Pine
State
Nevada
Latitude
39.2481725
Longitude
-114.8902903
735 Aultman St, Ely, Nevada

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735 Aultman St
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