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Property Overview

Price/Rent PSF $ 825,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 3886.00
Date Available 11/27/2018
Additional URL Link
Parking 12
Floors 3
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Description

Location
Grass Valley is nestled in the Sierra Nevada foothills only one hour from both Lake Tahoe & Sacramento. Located below the snow line & above the fog for the perfect 4-season climate. Within 90 minutes of 4 major universities (UC Davis, CS Chico, CS Sacto & UN Reno) & 2 intl. airports (Sacto & Reno). Nevada County’s economy has effectively transitioned from mining/logging/construction to video tech, digital media & other high-tech industries, balanced by national-caliber arts & entertainment sectors. With superb schools & multiple national awards relating to unbeatable quality of life, the region continues to attract residents & businesses from nearby Sacramento & the SF Bay Area.

Downtown Grass Valley is a dynamic and thriving 4 block commercial district which forms the centerpiece of Grass Valley. It houses beautifully restored Victorian-era buildings together with mining and art deco inspired structures. This authentic Gold Rush town has become a hub of retail, cultural and professional activity which is reflected in the under 5% street-level vacancy. The property is located directly across the street from the largest hotel and convention center in Western Nevada County.

Sale
The property consists of: i) a beautiful +-2400 sq ft ground-level restaurant with enclosed patio & deck seating and basement/wine cellar; ii) a lovely +-1300 sq ft second-level flat currently approved for office; and iii) a chic 1.5 bed/1 bath third-floor loft apartment w/ vaulted ceilings & skylights. Superbly located directly across from the newest & largest hotel/convention center in the region, easy walking distance to the historic town center, and only 1.5 blocks from Highway 49/20. Magnificent high ceilings & hardwood floors throughout. Completely renovated in 1992 & 2000 including elect, plumb, HVAC. This is a highly desirable, one-of-a-kind property for an investor, live/work artisan, or owner/restaurateur. Short term leases and below market rents offer tremendous flexibility of use and extraordinary financial upside.

Location (Click here to view the location on the map.)
The information above is from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.

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