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Nevada City's Flagship Retail Building
Listing was updated at: 09/06/2018
Property Overview
Price/Rent PSF $ 2,275,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 21,675
Date Available 09/06/2018
Additional URL Link
Parking 29
Floors 3
Additional parameters Show
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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.

Broad Street is the heart of Nevada City's award-winning historic district, which is listed on the National Register of Historic Places. It is considered to be among the best-preserved towns of the West. In addition to it grand history, Nevada City is a vibrant, thriving community and the entertainment capital of the Sierra Nevada foothills. Visitors enjoy fine restaurants and lodgings, live theatre and music, specialty shopping, antiques, art galleries and museums. Ringed by deep green hillsides and bordering the Tahoe National Forest, Nevada City is located just minutes from sparkling Sierra lakes and rivers and forested trail systems perfect for hiking and biking. In recent years, the Nevada City lifestyle has attracted artists, writers, musicians and retirees as well as small business people and high-tech entrepreneurs who are able to locate their enterprises away from the pressures of big city life.

Sale
A circa 1920 commercial building of +-21,675 SF located in the heart of Downtown. The parcel stretches one full block with frontage on Broad, Union and Commercial Streets, and rare on-site parking for 29 vehicles. The lower floor has ground-level frontage and access onto Commercial St to the north and Calanan Park to the east. The upper level sits at the foot of Broad St directly across from the historic National Hotel, now undergoing complete renovation. The building is topped off with a +-5675 SF gallery mezzanine looking down onto the second level. The property has undergone significant renovation including all new utility services, ADA/path-of-travel/parking improvements, new front facade with all new dual pane windows and a new rear entry. The interior is in cold shell condition representing a blank canvas for the buyer to create his/her vision. Plans & approvals are available for a marketplace style development akin to a small San Francisco Ferry Building. This property is perfectly teed-up for a developer or user to come in and take advantage of the location, history and quality of this offering.

Location

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