4026 Grass Valley Hwy Auburn, CA 95602
- Retail properties
- 3,642 SF
- 0.98 lot acres
Current Use by Public Records
- Totem Organic Supply / Garden Center
- Albatross Disc Golf Shop / Sporting Goods Store
- Air Jackson / Hvac Contractor
Property Details for 4026 Grass Valley Hwy
- Year built
- 1947
- Lot size
- 0.98 lot acres
- Property size
- 3,642 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents two single-story commercial buildings totaling 3,642 square feet situated on a 0.98-acre lot in Auburn, California. The property, located at 4026-4044 Grass Valley Highway (Highway 49), boasts a prime location with high visibility and traffic counts. Currently vacant, this multi-tenant property offers significant potential for owner-users or investors. The buildings, constructed in 1947, are classified as Class C and zoned C2-DC, allowing for a variety of uses. The property features four units, ideal for a variety of retail or office configurations. The asking price is $990,000, representing a price per square foot of $271.83 and a 5.17% capitalization rate based on a Net Operating Income (NOI) of $51,191. The property includes a sizable yard area, adding to its versatility. Previous uses include restaurant and storefront operations, making it suitable for a second-generation restaurant or similar business. The property's location on Highway 49, near Dry Creek Road, offers excellent access and exposure to a large customer base. The property's potential extends to auto sales, given its ample space and highway visibility. This is a rare opportunity to acquire a well-located commercial property with significant upside potential in a thriving market. The APN is 076-061-034. The lease type is gross.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Auburn
- County
- Placer
- State
- California
- Longitude
- -121.101
- Latitude
- 38.9573
