Two-Story Restaurant
450 COLFAX AVE Grass Valley, CA 95945
450 COLFAX AVE, Grass Valley, CA, 95945
Contact for pricing
For Sale
Contact for pricing
Two-story commercial building with roll-up loading access, terrace overlooking Memorial Park, and substantial food-service infrastructure.
Property Size4,308 SF
Lot Size0.27 Acres
Price / SF$178.51
Days on Market9
Property Features for 450 COLFAX AVE
General Information
- Standard status
- Active
- Size
- 4,308 SF
- Lot size
- 0.27 Acres
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1933
Listing agency
Tucker Commercial
(530) 272-7222
Listed by
Tyson Tucker · License #01804034
Source
Crexi
Added: Jul 14 Updated: Jul 22 at 1:12PM Checked: Jul 22 at 1:12PM
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
Investment Insights
Based on property information with market context.
450 Colfax Avenue is a ±4,308 SF two-story commercial building on a ±0.27-acre corner lot at Colfax Avenue and Stennett Street, directly across from Grass Valley's Memorial Park. Originally built in 1933 and rebuilt top to bottom in 2008–2009, the property features updated roof, HVAC, gutters, and sewer systems. The heavy infrastructure for food service remains in place, including an oversized gas service, substantial electrical capacity, floor drains, dedicated kitchen ventilation, and a Kohler standby generator.
The second floor offers an open hall with vaulted ceilings, wide-plank pine floors, and a granite-topped service bar. It connects to an oversized wraparound terrace through a wall of glass doors, providing direct park views. The ground floor includes a second large open room with stained concrete floors and exposed timber, supported by a roll-up door for loading and deliveries and dedicated storage.
Three restrooms serve the two levels, and the concrete-paved 22-space on-site lot provides parking. NEC zoning permits a broad range of uses, including restaurant, office, retail, or residential conversion up to four units.
The second floor offers an open hall with vaulted ceilings, wide-plank pine floors, and a granite-topped service bar. It connects to an oversized wraparound terrace through a wall of glass doors, providing direct park views. The ground floor includes a second large open room with stained concrete floors and exposed timber, supported by a roll-up door for loading and deliveries and dedicated storage.
Three restrooms serve the two levels, and the concrete-paved 22-space on-site lot provides parking. NEC zoning permits a broad range of uses, including restaurant, office, retail, or residential conversion up to four units.
Key Highlights
- ±4,308 SF two‑story commercial building on a ±0.27‑acre corner lot at Colfax Ave and Stennett St, across from Memorial Park
- Rebuilt top to bottom in 2008–2009 with roof, HVAC, gutters, and sewer replaced
- Food‑service infrastructure includes oversized gas service, substantial electrical capacity, floor drains, and dedicated kitchen ventilation
Local Financial Insights For Office B
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 | $93.1k | $21.60 |
| − Vacancy | −$23.3k | −$5.40 |
| EGI | $69.8k | $16.20 |
| − OpEx | −$17.4k | −$4.05 |
| NOI | $52.3k | $12.15 |
4,308 SF · lease $21.60/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.54M
$1.35M – $1.80M
NOI $107,813 @ 7.0% cap · market cap 14.02%
Second Best
Retail
$1.47M
$1.29M – $1.72M
NOI $103,201 @ 7.0% cap · market cap 13.42%
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 - Two-story commercial building with roll-up loading access, terrace overlooking Memorial Park, and substantial food-service infrastructure.
Where is this conventional restaurant located?
The property is located at 450 COLFAX AVE Grass Valley, CA.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: ±4,308 SF two‑story commercial building on a ±0.27‑acre corner lot at Colfax Ave and Stennett St, across from Memorial Park; Rebuilt top to bottom in 2008–2009 with roof, HVAC, gutters, and sewer replaced; Food‑service infrastructure includes oversized gas service, substantial electrical capacity, floor drains, and dedicated kitchen ventilation
