Renovated Restaurant Building with
214 Broad Street Nevada Nevada City, CA 95959
214 Broad Street Nevada, Nevada City, CA, 95959
$598,000
For Sale
$598,000
Like-new, fully renovated restaurant building with a private rear patio and a complete commercial kitchen.
Property Size1,690 SF
Price / SF$353.85
Days on Market154
Property Features for 214 Broad Street Nevada
General Information
- Standard status
- Active
- Size
- 1,690 SF
- Property subtype
- Street Retail
Building Details
- Year Built
- 1960
Listing agency
Sperry Commercial Global Affiliates - Highland Commercial
(530) 470-1470
Listed by
Lock Richards · License #CA 01302767
(530) 470-1470
Source
Thebrokerlist
Added: Feb 18 Updated: Jul 22 at 7:19AM Checked: Jul 22 at 7:19AM
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 Sperry Commercial Global Affiliates - Highland Commercial
Investment Insights
Based on property information with market context.
Move-in ready, like-new restaurant building that was completely renovated in 2019–2020. The property includes a first-class commercial kitchen with an Ansul hood system, dish/prep/handwashing sinks, commercial dishwasher, and grease trap, along with ADA restroom and updated building systems and finishes throughout. The renovation scope also included electrical, plumbing, sewer, HVAC, generator backup, roof-mounted solar, insulation, fire alarm, framing, flooring, ceiling, LED lighting, windows, doors, and exterior paint/fascia.
Located on Broad Street in Nevada City’s historic downtown, the building sits directly across from the National Exchange Hotel. The configuration includes approximately 1,690 SF, including a private patio in the rear.
This property is well suited for an owner-user looking for a turn-key downtown restaurant or food and drink concept, or for a complementary retail use that benefits from a dedicated commercial kitchen and modernized building infrastructure.
Located on Broad Street in Nevada City’s historic downtown, the building sits directly across from the National Exchange Hotel. The configuration includes approximately 1,690 SF, including a private patio in the rear.
This property is well suited for an owner-user looking for a turn-key downtown restaurant or food and drink concept, or for a complementary retail use that benefits from a dedicated commercial kitchen and modernized building infrastructure.
Key Highlights
- Fully renovated Main Street restaurant building of about 1,690 SF with a private rear patio
- Studs‑up renovation completed in 2019‑20 with approximately $400,000 in improvements
- All‑new electrical, plumbing, sewer, HVAC, insulation, fire alarm, framing, flooring, ceilings, LED lighting, windows and doors
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.9k | $37.20 |
| − Vacancy | −$6.5k | −$3.83 |
| EGI | $56.4k | $33.37 |
| − OpEx | −$14.1k | −$8.34 |
| NOI | $42.3k | $25.03 |
1,690 SF · lease $37.20/SF/yr · vacancy 10.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$604.2K
$528.7K – $704.9K
NOI $42,294 @ 7.0% cap · market cap 7.07%
Second Best
Retail
$578.4K
$506.1K – $674.8K
NOI $40,485 @ 7.0% cap · market cap 6.77%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Like-new, fully renovated restaurant building with a private rear patio and a complete commercial kitchen.
Where is this conventional restaurant located?
The property is located at 214 Broad Street Nevada Nevada City, CA.
What is the asking price?
The asking price for this property is $598,000.
What are key features of this property?
This property features: Fully renovated Main Street restaurant building of about 1,690 SF with a private rear patio; Studs‑up renovation completed in 2019‑20 with approximately $400,000 in improvements; All‑new electrical, plumbing, sewer, HVAC, insulation, fire alarm, framing, flooring, ceilings, LED lighting, windows and doors
