Historic Riverfront Washington Hotel For
15432 Washington Rd, Nevada City, CA 95959
For Sale
Contact for pricing
Gold Rush-era mixed-use property with restaurant, bar, and guest rooms.
Property Size8,206 SF
Price / SF$121.25
Days on Market578
Property Features for 15432 Washington Rd
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Building Details
Year Built
Year Renovated
Stories
Listing Agency:
Tucker Commercial
Listed By:
Tyson Tucker · License CA #01804034
(530) 272-7222
Source:
Crexi
Added: Apr 16, 2025
Changed: Nov 7
Last Checked: Nov 12 at 6:54AM
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
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Investment Insights
Based on property information with market context.
The Washington Hotel is a mixed-use property located in Washington, CA. This 8,206 square-foot property, positioned directly on the South Yuba River, includes 14 guest rooms, a full-service restaurant and bar, and a 2-bedroom, 1-bathroom apartment (2,172 SF) on the third floor. The property is currently generating approximately $533,000 in annual gross income (2024), with the restaurant and bar producing approximately 85% of the revenue. The property benefits from a Type 47 liquor license. Assuming market rent for the apartment, pro forma income reaches $555,000, with approximately $88,000 in NOI. The property presents an opportunity to own a cash-flowing asset.
Key Highlights
- Iconic Gold Rush‑era riverfront hotel directly on the South Yuba River.
- High‑performing full‑service restaurant & bar generating ~85% of the property's $533,000 annual gross income.
- Includes a valuable Type 47 liquor license (estimated $175K value).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,742
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,234,840
$1.2M
Cap Rate 7%
$882,029
$882.0K
Cap Rate 9%
$686,022
$686.0K
Market Conditions
NOI Build-Up for 8,206 SF
Gross rent
$147.7K $18.00/SF
− Vacancy
−$17.7K −$2.16/SF
EGI
$130.0K $15.84/SF
− OpEx
−$68.2K −$8.32/SF
NOI
$61.7K $7.52/SF
Area
Nevada County, CA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,234,840
Cap Rate 7%
$882,029
Cap Rate 9%
$686,022
Alternative Uses
Best Use
Specialty Retail
$2.93M
$2.57M – $3.42M
NOI $205,366 @ 7.0% cap · market cap 20.64%
Second Best
Hotel Hospitality
$882.0K
$771.8K – $1.03M
NOI $61,742 @ 7.0% cap · market cap 6.21%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
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Business Placement
Demographics for 95959, CA
18,621
Population
8,840
Households
2.1
Avg Household Size
53
Median Age
45%
College-Educated
96%
High-School Grad
311.9 sq mi
ZIP Area
60
Density / Sq Mi
$79,509
Median Household Income
$36,160
Median Earnings
$1,715
Median Rent
$603,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Hotel - Gold Rush-era mixed-use property with restaurant, bar, and guest rooms.
Where is this hotel located?
The property is located at 15432 Washington Rd Nevada City, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Iconic Gold Rush‑era riverfront hotel directly on the South Yuba River.; High‑performing full‑service restaurant & bar generating ~85% of the property's $533,000 annual gross income.; Includes a valuable Type 47 liquor license (estimated $175K value).
