233 Broad St, Nevada City, CA 95959

The Flagg Building is a newly renovated hospitality asset with approximately 11,200 square feet, located in the heart of historic downtown Nevada City, CA. Originally constructed in 1856 and comprehensively renovated over the past five years, the building blends architectural character with upgraded building systems and interior finishes. The second floor comprises a thoughtfully designed, 9-room boutique hotel, while the ground floor is home to Communal Café, a restaurant operating under a long-term lease. Ideally located at the busiest pedestrian intersection in Nevada City, the building commands visibility and foot traffic in the town’s historic core, benefitting from year-round tourism and direct adjacency to dining, retail, and cultural offerings. The third floor is currently in shell condition, with major infrastructure improvements completed and fully approved plans in place for three additional hotel rooms, offering an opportunity to expand the key count and grow revenue. The boutique hotel presents an operational value-add opportunity to enhance hospitality performance through improved marketing, professional management, and optimized rate strategies, driving occupancy toward market levels and achieving returns. The Flagg Building offers an opportunity to acquire a hospitality asset in one of Northern California’s destination markets, with in-place income from the restaurant, a fully operational boutique hotel, and a path to expand and increase revenues.