Current Use by Public Records
- Land
Property Details for 2391 Nevada City Hwy
- Lot size
- 0.88 lot acres
- Property type
- Land
Description
This exceptional 0.88-acre commercial lot, located at 2391 Nevada City Hwy, Lot 1, Grass Valley, CA 95945, presents a unique investment opportunity. Boasting highly desirable C-2 commercial zoning, this property allows for a diverse 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 near Tractor Supply Company, the largest rural lifestyle retail chain in the US, which serves as the anchor tenant for this developing center. A recent Buxton Report highlights over $200 million in annual regional retail sales leakage to outside areas, underscoring the high demand and significant potential for this property in a severely supply-constrained market. Lot 1 is one of four available lots ranging from 0.42 to 1.56 acres. This particular lot offers a coveted retail pad site directly in front of the Tractor Supply store, providing exceptional visibility and accessibility. The property's superb Nevada City Highway frontage ensures maximum exposure to high traffic volumes. The asking price is $554,000. This is a top-priority infill site in Grass Valley, offering an unparalleled chance to capitalize on the area's robust retail market and record-low housing inventory. Consider the potential for assembling this lot with additional available lots for a larger-scale development.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grass Valley
- County
- Nevada
- State
- California
- Longitude
- -121.033
- Latitude
- 39.2431
