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Nevada City, CA

Hotel

Nevada City, CA Hotels for Sale

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Grass Valley, CA Penn Valley, CA North San Juan, CA Colfax, CA Dobbins, CA Oregon House, CA Camptonville, CA Smartsville, CA

Renovated Hospitality Asset in Nevada

Updated: Oct 17, 2024

Renovated Hospitality Asset in Nevada

233 Broad St, Nevada City, CA 95959

$3,350,000

11,200 sqft

Newly renovated ±11,200 SF hospitality asset in the heart of historic downtown Nevada City.
Includes a 9‑room boutique hotel and a ground‑floor restaurant/café (Communal Café) operating under a long‑term lease, providing in‑place income.
Located at the busiest pedestrian intersection (Broad and Pine Streets), offering unmatched visibility and foot traffic.
Approved plans for three additional hotel rooms on the third floor (currently in shell condition), offering a shovel‑ready expansion opportunity.
Significant operational value‑add potential through improved marketing, professional management, and optimized rate strategies for the boutique hotel.

This listing looks promising.

Here's a quick look at some key insights for

233 Broad St, Nevada City, CA 95959

View Property Analytics

Est. Cap Rate

8.4%
Above avg (5.9%)
Est. NOI

$280K
Annual
Mortgage

$463K
Oct 2016
Last Sold

Mar 2022
$1.5M

View Property Analytics

Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 1 Active listings in Nevada City, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 8 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Renovated South Lake Tahoe Lodge

Renovated South Lake Tahoe Lodge

735 Emerald Bay Road, South Lake Tahoe, CA 96150

$3,480,000

6,628 sqft

24-unit hotel with recent renovations and prime location.

Hotel With Rooftop Terrace Restaurant

Hotel With Rooftop Terrace Restaurant

8612 N Lake Boulevard, Kings Beach, CA 96143

$12,000,000

0.17 AC lot

Approved 30-unit hotel plans with rooftop restaurant/bar and first-floor retail/restaurant, next to County Beach in Kings Beach.

Hotel Motel with Manager's Unit

Hotel Motel with Manager's Unit

1313 Emerald Bay Road, South Lake Tahoe, CA 96150

$1,450,000

Property includes 13 hotel rooms and a 2-bedroom manager’s unit with full kitchen and large living room.

Planned Hotel With Rooftop Terrace

Planned Hotel With Rooftop Terrace

8626 N Lake Blvd, Kings Beach, CA 96143

$12,000,000

0.63 AC lot

Approved plans call for a three-story 30-unit hotel with a rooftop terrace restaurant and first-floor retail/restaurant space.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Prime Commercial Land I-5 Visibility

Prime Commercial Land I-5 Visibility

1158 Hoff Way, Orland, CA 95963

$1,150,000

1.68 AC lot

1.68 AC commercial land with high I-5 visibility.

Cleared Commercial Land Zoned C-2

Cleared Commercial Land Zoned C-2

671295 Mooney Road A-21, Westwood, CA 96137

$159,000

2.75 AC lot

Cleared, level 2.75-acre commercial parcel zoned C-2, with public remarks citing multiple potential development uses.

Commercial Land Overlooking Topaz Lake

Commercial Land Overlooking Topaz Lake

2030 Goldfield Drive lot: 1, Gardnerville, NV 89410

$500,000

12.31 AC lot

12.31 acre commercial property with lake views and utilities.

Highway Commercial Land For Sale

Highway Commercial Land For Sale

9560 Highway 29, Lower Lake, CA 95457

$475,000

3.27 AC lot

Vacant 3.27 acre commercial land parcel on high-traffic highway.

Off-Market Properties in Nevada City, CA

Consider similar Off-Market properties in Nevada City, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

HOTEL/MOTEL

211 Broad St, Nevada City, CA 95959-2501

Value Estimation by Request

1,080 sqft 0.49 AC lot

523 Sacramento St

HOTEL/MOTEL

523 Sacramento St, Nevada City, CA 95959-3009

$1,050,000

Estimated value

4,334 sqft 1.01 AC lot

HOTEL/MOTEL

575 Broad St, Nevada City, CA 95959-2243

Value Estimation by Request

5,710 sqft 0.62 AC lot

15432 Washington Rd

HOTEL/MOTEL

15432 Washington Rd, Nevada City, CA 95959

Value Estimation by Request

8,206 sqft 0.51 AC lot

18883 State Hwy 20

HOTEL/MOTEL

18883 State Hwy 20, Nevada City, CA 95959-9191

Value Estimation by Request

4,067 sqft 5.00 AC lot

402 Railroad Ave

HOTEL/MOTEL

402 Railroad Ave, Nevada City, CA 95959-2836

$1,385,000

Estimated value

36,902 sqft 7.78 AC lot

420 Railroad Ave

HOTEL/MOTEL

420 Railroad Ave, Nevada City, CA 95959

Value Estimation by Request

4,320 sqft 1.99 AC lot

HOTEL/MOTEL

760 Zion St, Nevada City, CA 95959-2933

$745,000

Estimated value

9,125 sqft 1.30 AC lot

Nevada City, CA Hotels Market Trends and Statistics

Explore 9 hotels for sale in Nevada City, CA on our real estate platform. These investment opportunities span a total of 11,200 square feet of properties for sale, with an estimated market value of $3,350,000.

Sale prices for resorts in Nevada City, CA start at $3,350,000, averaging $3,350,000, and reaching up to $3,350,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 18K

Population Growth (5Y) +0.6%

Median Household Income $79,509

College Educated 61.7%

High-Yield Neighborhoods for Investment

Identify Nevada City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
95959	$2.2M

Taxes & Financing

Tax Rate (average for all types) 1.04%

Property Tax per SF $13.05 per SF

Tax Rate vs County Average 0.24 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Nevada County

New Delisted

Total CRE Inventory on Market (SF)

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