174 Lower Grass Valley Rd Nevada City, CA 95959
- Warehouses
- 8,590 SF
- 0.66 lot acres
Current Use by Public Records
- Warehouses
Property Details for 174 Lower Grass Valley Rd
- Year built
- 1988
- Lot size
- 0.66 lot acres
- Property size
- 8,590 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional Nevada City industrial property presents a unique investment opportunity. The complex comprises three freestanding, insulated metal buildings totaling 8,590 square feet, each roughly 3,000 square feet. Built in 1988, these structures boast 14' to 20' ceilings, two grade-level roll-up doors, two restrooms per building, and robust 400 amp/220v 3-phase power. Situated on a sizable 0.66-acre lot zoned for light industrial use, the property offers ample space and convenient access. The location is highly desirable, just one block from the Highway 49/20 interchange at Gold Flat and Ridge Road, providing excellent freeway access. The site includes a convenient upper truck turnaround area and parking for up to 22 vehicles. Currently generating income from a month-to-month tenant, a potential leaseback from the seller is also available. While the property may meet Nevada City's location and zoning requirements for certain cannabis uses, this is not guaranteed. This is a valuable property suitable for single or multi-tenant occupancy, offering significant potential for a variety of industrial uses. The asking price is $1,249,000, translating to $145.40 per square foot. This represents a compelling value-add opportunity in a prime Nevada City location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nevada City
- County
- Nevada
- State
- California
- Longitude
- -121.027
- Latitude
- 39.2469
