Mixed-Use Retail/Auto Complex
Listing was updated at: 04/17/2019
Property Overview
Price/Rent PSF $ 985,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 8,850
Date Available 04/17/2019
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Parking 32
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Description

Location
Nevada City is nestled in the Sierra Nevada foothills only one hour from both Lake Tahoe and Sacramento. The region is located below the snow line and above the fog for the perfect 4-season climate. It lies within 90 minutes of 4 major universities (UC Davis, CS Chico, CS Sacramento & UN Reno) and 2 international airports (Sacramento & Reno). Nevada County’s economy has effectively transitioned from mining/logging/construction to video technology, digital media and other high-tech industries, balanced by national caliber arts and entertainment sectors. With superb schools and multiple national awards relating to unbeatable quality of life, the Grass Valley/Nevada City region continues to attract residents and businesses from nearby Sacramento and the SF Bay Area.
345 Railroad is located immediately off Highways 49 & 20 at the Sacramento Street exit. It is within walking distance to both Downtown Nevada City and the 7-Hills Business District.



Sale
A true "diamond in the rough" with unlimited potential! LOCATION - immediate highway access and visibility with over 25,000 cars passing daily, plus walking distance to Downtown and 7-Hills. USE - flexible zoning allowing everything from retail shops, restaurants and offices, to cannabis dispensary, auto repair, and manufacturing w/ retail outlet, to residential use. LAND - huge 1.4 acre flat parcel with paved yard and additional development potential. DIVERSIFIED INCOME - 5 potential income streams including yard rental, excess land development, separate high-bay building, auto bays, and retail storefront. Two existing tenants currently month-to-month (+-$6,000/mo) but open to longer term rental. Separate auto repair shop purchase possible. Additional 2200 SF retail space currently unoccupied to allow for owner/user purchase, but tenants are available and interested if greater income desired by buyer. NOTE: Seller is master lessee with purchase option. Approval of owner required.

Location