12803 Sneath Clay Rd Nevada City, CA 95959

Property Details for 12803 Sneath Clay Rd

Year built

1930

Lot size

4.90 lot acres

Property size

1,478 SF

Property type

Manufacturing properties

Description

This exceptional Nevada City investment opportunity presents a 4.9-acre M1-zoned lot encompassing a 1,478 square foot, single-family home/office building. Currently generating income from three tenants leasing yard space, the property boasts a 7.35% pro-forma cap rate and a $58,800 pro-forma NOI. The home/office, recently renovated in 2024 (new deck, floors, kitchen, bathrooms, paint, and roof repairs), will be delivered vacant at closing, offering flexibility for owner-occupancy or leasing. The property includes a garage/workshop with electrical service. Historically used for construction storage, the expansive lot offers approximately 3.5 acres of usable land. The asking price is $800,000, translating to $541.27 per square foot. Built in 1930, this property presents a rare combination of in-place income, value-add potential (through leasing the home/office), and a prime location just outside Nevada City limits. Ideal for owner-users in the trades seeking a headquarters with yard space or investors seeking a strong return on investment. The property is a gross lease with multi-tenant occupancy.