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$2,500,000
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Property Description
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 rooms, 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. Call agent for more information. Buyer and Buyers agent to verify all!
Full Property Details
Full Property Details for 1555 S Wells Ave
General
- Price: $2,500,000
- Taxes: $8,384
- Status: Under Contract
- Type: Retail
- Source: 2502
- MLS ID: 240006927
- Updated: 2/27/2025
- Added to Site: 349 day(s) ago
Interior
- Flooring: Carpet, Concrete, Wood
Location
- County: Washoe
- Driving Directions: Wells and Vesta
Structural Information
- Construction: Masonry
- Exterior Const.: Brick, Wood Siding
- Basement Entrance: Inside City Limits
- Roof: Flat, Membrane
- Stories/Levels: 1 Story
- Current Bldg. Use: Restaurant
- Year Built: 1970
Unit Information
- Units in Building: 1
Lot Features
- Street/Road Desc.: Paved/Concrete
- Zoning: GC
Green Features
- Building Certification: Exclusive RightNo
Financial Considerations
- Price Per Sq. Ft.: $403.36
- Assessment Amount: $1,970
- Tax Amount: $8,384.36
Disclosures and Reports
- Documents Avail.: None
- APN: 1413509
Listed by Blue Sierra Realty, Chris R DeMay (775) 720-4677
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Schools
Schools serving 1555 S Wells Ave
School District:Washoe County School District
Rating | Name | Grades | Distance |
---|---|---|---|
1200 Locust St, Reno, NV 89502 | K-6 | 0.3 mi | |
1200 Bresson Ave, Reno, NV 89502 | 7-8 | 0.7 mi | |
1331 E Plumb Ln, Reno, NV 89502 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1555 S Wells Ave
Date
Details
Price
Change
Source
2/12/2025
Price Reduced
$2,500,000
-7.41%
MLS
6/06/2024
Listed
$2,700,000
22.73%
MLS
1/30/2020
Sold
$2,200,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1555 S Wells Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,054
8%
$287,069
9%
2023
$8,385
8%
$263,054
21%
2022
$7,765
8%
$217,898
11%
2021
$7,208
—
$196,053
—
2021
$7,208
6%
$195,928
7%
2019
$6,795
—
$183,566
—
2018
$6,815
-4%
$183,779
-4%
2017
$7,109
-2%
$191,912
-2%
2016
$7,231
—
$196,220
-2%
2015
$7,230
3%
$200,338
6%
2014
$7,023
—
$188,777
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1555 S Wells Ave
1555 S Wells Avenue, Reno, NV 89502 (MLS# 240006927) is a Retail property. 1555 S Wells Avenue is currently listed for $2,500,000 and was received on June 06, 2024. Want to learn more about 1555 S Wells Avenue? Do you have questions about finding other Retail real estate for sale in Reno? You can browse all Reno real estate or contact a Coldwell Banker agent to request more information.