2391 Nevada City Hwy Grass Valley, CA 95945
- Land
- 0.78 lot acres
Current Use by Public Records
- Land
Property Details for 2391 Nevada City Hwy
- Lot size
- 0.78 lot acres
- Property type
- Land
Description
This exceptional 0.78-acre commercial lot, located at 2391 Nevada City Hwy, Lot 5, Grass Valley, CA 95945, presents a unique investment opportunity. Zoned C-2 Commercial, it allows for a diverse range of uses including retail, hotel, mixed-use multi-family, school, and offices. Situated in the Glenbrook/Brunswick Basin, the busiest retail hub in Nevada County, this lot benefits from its proximity to Tractor Supply Company, the largest rural lifestyle retail chain in the US, which serves as the anchor tenant for this development. A recent Buxton Report highlights over $200 million in annual regional retail sales leakage to outside areas, underscoring the high demand and desirability of this property in a severely supply-constrained market. Lot 5 offers potential for mixed-use development, including market-rate multi-family rental or sale housing, hotel, or medical facilities. The lot could also be assembled with additional available lots for a larger project, maximizing its prime highway frontage exposure. The asking price is $438,000. This is a top-priority infill site in Grass Valley, offering retail pad sites in front and mixed-use potential beside the anchor tenant. The property's strategic location and flexible zoning make it an ideal investment in a high-demand retail market with record-low housing inventory.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grass Valley
- County
- Nevada
- State
- California
- Longitude
- -121.033
- Latitude
- 39.2431
