Property profile

2391 Nevada City Hwy Grass Valley, CA 95945

OFF-MARKET
Land
0.42 ac lot
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Property summary

AI-generated overview

This exceptional 0.42-acre commercial lot, located at 2391 Nevada City Hwy, Lot 2, Grass Valley, CA 95945, presents a unique investment opportunity. Boasting highly desirable C-2 commercial zoning, this property allows for a wide range of uses, including retail, hotel, mixed-use multi-family, school, and office developments. Situated within the Glenbrook/Brunswick Basin, the busiest retail hub in Nevada County, this lot benefits from its prime location in a thriving commercial area. The property is part of a larger development anchored by Tractor Supply Company, the largest rural lifestyle retail chain in the US, ensuring high visibility and foot traffic. A recent Buxton Report highlights over $200 million in annual regional retail sales leakage, underscoring the significant demand and potential for this site. This lot, one of four available, offers a coveted retail pad site directly in front of the Tractor Supply store, providing unparalleled exposure. The property's superb Nevada City Highway frontage further enhances its visibility and accessibility. With a reduced asking price of $358,000, this is an exceptional opportunity to capitalize on the strong demand in a severely supply-constrained market. Consider the potential for assembling this lot with additional available parcels for a larger-scale project.

Property profile

Verified
Property type Land
Lot 0.42 ac (18,295 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2391 Nevada City Hwy Grass Valley, CA 95945
Grass Valley metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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