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Mixed-Use Asset in Historic Downtown

100 Union St, Nevada City, CA 95959

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10,223 SF mixed-use property in Nevada City, California.

Type:Mixed Use, Multifamily, Office, Retail

Property size:

10,223 SF

Price / SF:

$303/SF

HighLights

Irreplaceable asset in the heart of historic downtown Nevada City.
100% occupied mixed‑use property generating strong in‑place net operating income of $172,134.
Significant near‑term NOI growth potential (21.8% projected from Year 0 to Year 3).
Modern construction (built in 2008) with desirable features: passenger elevator, secured subgrade parking, and modern mechanical systems.
Diversified income streams from nine tenants across retail, office, and residential units.
Anchored by two established, high‑traffic restaurants with outdoor dining, activating the streetscape.

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Tyson Tucker

For Sale

Contact for pricing

10,223 SF mixed-use property in Nevada City, California.

Type:Mixed Use, Multifamily, Office, Retail

Property size:

10,223 SF

Price / SF:

$303/SF

Added:: Mar 24, 2026
Days on Market:: 96
Last Refresh:: Mar 25 at 8:58 pm

Property Features for 100 Union St

General Information

Standard status: Active
Size: 10,223 SF
Property subtype: Mixed Use, Multifamily, Office, Retail

Building Details

Year Built: 2008

We can help!

Contact an agent

Tyson Tucker

Listing office Tucker Commercial

Listing date Mar 24, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Tucker Commercial

HighLights

Irreplaceable asset in the heart of historic downtown Nevada City.
100% occupied mixed‑use property generating strong in‑place net operating income of $172,134.
Significant near‑term NOI growth potential (21.8% projected from Year 0 to Year 3).
Modern construction (built in 2008) with desirable features: passenger elevator, secured subgrade parking, and modern mechanical systems.
Diversified income streams from nine tenants across retail, office, and residential units.
Anchored by two established, high‑traffic restaurants with outdoor dining, activating the streetscape.

Overview

Located in the heart of historic downtown Nevada City, California, this mixed-use asset at 100 Union Street offers 10,223 square feet of space. Constructed in 2008, the building blends into the Victorian streetscape. The property is 100% occupied and generates net operating income. The ground floor is anchored by two restaurants, Nourish and Taqueria Taco Loco, both with outdoor dining. The rent roll includes nine tenants across three income streams: three ground-floor retail suites, four professional office suites ranging from 779 to 1,873 square feet, and two one-bedroom residential apartments. The property features contractual rent growth, with portfolio-wide NOI projected to grow from Year 0 to Year 3 through escalations and near-term rollover repricing to market. The building includes storefront depths, modern mechanical systems, a passenger elevator, and secured subgrade parking for seven vehicles.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$365.6k	$35.76
− Vacancy	−$15.7k	−$1.54
EGI	$349.9k	$34.22
− OpEx	−$105.0k	−$10.27
NOI	$244.9k	$23.96

10,223 SF · lease $35.76/SF/yr · vacancy 4.30% · expense 30.00%

Alternative Uses

Best Use

Retail

$3.50M

$3.06M – $4.08M (±1% cap)

NOI $244,898 @ 7.0% cap · market cap 7.90%

Second Best

Apartment 5plus

$1.92M

$1.68M – $2.24M (±1% cap)

NOI $134,606 @ 7.0% cap · market cap 4.34%

Theoretical Best

Specialty Retail

$3.65M

$3.20M – $4.26M (±1% cap)

NOI $255,844 @ 7.0% cap · market cap 8.25%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Nevada City
County: Nevada
State: California
Longitude: -121.0170371
Latitude: 39.2626604

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What type of property is this?

Mixed-use property - 10,223 SF mixed-use property in Nevada City, California.

Where is this mixed-use property located?

The property is located at 100 Union St Nevada City, CA.

What is the asking price?

The asking price for this property is $3,100,000.

What are key features of this property?

This property features: Irreplaceable asset in the heart of historic downtown Nevada City.; 100% occupied mixed‑use property generating strong in‑place net operating income of $172,134.; Significant near‑term NOI growth potential (21.8% projected from Year 0 to Year 3).