Prime Retail Site at New Signalized Corner

Listing was updated at: 03/23/2020
Property Overview
Price/Rent PSF $ 1,200,000.00
Asset Type Land
Trade Type Sale
Acres Available 3.86
Date Available 03/23/2020
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Description

Location
The subject property is located at the southern border of Nevada County in unincorporated Grass Valley, however, it maintains an Auburn mailing address and zip code. It is situated in the Sierra Nevada foothills almost mid-way between the cities of Grass Valley and Auburn, both only about 10 minutes away. Sacramento is an easy 40 minute drive while the outstanding recreational opportunities of the Truckee/Tahoe area lie only about an hour away. The trade area population is approximately 30,000 people with an average household income over $87,000. The exclusive Lake of the Pines subdivision with over 2000 homes is only 1 mile from the site along with North Auburn's only high school - Bear River. Approximately 32,500 cars per day pass the site on Highway 49 with about 16,000 additional vehicle trips directly in front of the property on newly widened Combie Road. The property sits adjacent to Higgins Village with national tenants including CVS, Starbucks, Chevron and Subway and it fronts the main entrance to the 56,000 SF Higgins Marketplace now under construction and anchored by a new 30,000 SF Holiday Market.



Sale
An exceptional 3.86 acre retail pad site at the newly signalized corner of the primary entrance to Higgins Marketplace, an under-construction neighborhood center anchored by Holiday Market. Also adjacent to Higgins Village, a CVS/Starbucks anchored center at the intersection of Highway 49 and Combie. 16,000 cars pass the site daily, with an additional 32,500 vehicles on Highway 49. Community Commercial zoning allows for a wide range of uses serving a large geographical area, including restaurants, general retail, building supply, hotels, fitness, medical, theaters, nursery, auto sales, mixed-use, residential care, self-storage, schools, and more. The property is improved with a +-3200 SF restaurant currently operated by seller (who plans to retire upon closing) and two unpermitted homes. Current improvements provide buyer interim income possibilities while planning and entitling the property for new development. All utilities available to the site. Unparallelled location!

Location