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    17356 Penn Valley Dr Penn Valley, CA 95946

    Sponsored
    For Sale
    $750,000

    Historic Restaurant & Bar, Huge Potential

    Property size:
    3,780 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3,780 square foot property located at 17356 Penn Valley Drive, Penn Valley, CA 95946, presents a unique investment opportunity. Currently configured as a well-established bar and grill, "The Tack Room," this special purpose commercial property boasts a rich history as a local favorite since the mid-1950s. The building includes a full bar and restaurant on the ground floor, along with a manager's apartment situated above, offering significant versatility and potential for expansion. The property sits on a substantial land parcel, providing ample space for future development or outdoor seating. This is the only public liquor bar in Penn Valley, a thriving and up-and-coming area in Western Nevada County. The asking price is $750,000. Note that the business itself is sold separately

    Property Features for 17356 Penn Valley Dr

    General Information

    Property type
    Land
    Square Feet
    3,780 SF

    HighLights

    • 3,780 square foot commercial building located at 17356 Penn Valley Drive, Penn Valley, CA 95946.
    • Currently operating as "The Tack Room," an established bar and grill.
    • Features a ground floor bar and restaurant, plus an upstairs manager's apartment.
    • Situated on a large lot with potential for expansion or outdoor seating.
    • The only public liquor bar in Penn Valley, a growing area.
    • Asking price: $750,000 (business sold separately).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Penn Valley
    County
    Nevada
    State
    California
    Longitude
    -121.1759656
    Latitude
    39.1982669

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    FAQs

    What type of property is this?
    Land - Historic Restaurant & Bar, Huge Potential
    Where is this land located?
    The property is located at 17356 Penn Valley Dr Penn Valley, CA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 3,780 square foot commercial building located at 17356 Penn Valley Drive, Penn Valley, CA 95946.; Currently operating as "The Tack Room," an established bar and grill.; Features a ground floor bar and restaurant, plus an upstairs manager's apartment.
    Request Owner's contact information
    17356 Penn Valley Dr Penn Valley, CA 95946
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    Penn Valley, CA 95946
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    17356 Penn Valley Dr Penn Valley, CA 95946
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