12803 Sneath Clay Rd Nevada City, CA 95959

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.