246 S Church St, Grass Valley, CA 95945
For Sale
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246 South Church Street is a 5,464 square foot mixed-use building located within the downtown Grass Valley core, approximately three blocks from the Mill Street Plaza. The property has most recently been used as a church and benefits from an in-place Conditional Use Permit (CUP) allowing church / assembly use, providing an established land use entitlement. The building consists of 3,912 square feet on the main level and 1,551 square feet on the upper level. The property has been well maintained and features a flexible floorplate that supports a variety of adaptive reuse strategies. The site is zoned NC-Flex, permitting a broad range of commercial and residential uses. In combination with the existing CUP, the property offers meaningful flexibility for continued assembly use or conversion to alternative uses within the downtown core. Preliminary conceptual plans have been prepared illustrating a potential three-unit multifamily configuration, including: One (1) one-bedroom / one-bath unit totaling approximately 1,765 SF One (1) three-bedroom / two-bath unit totaling approximately 2,500 SF One (1) three-bedroom / one-bath unit totaling approximately 1,590 SF The conceptual design includes on-site parking and a large private rooftop deck for one unit, enhancing residential appeal and long-term marketability. The property is being offered at $695,000, equating to approximately $127 per square foot, representing an attractive cost basis that supports redevelopment and value creation. The combination of NC-Flex zoning, an in-place Conditional Use Permit, and a competitive cost basis positions the property to accommodate a range of ownership strategies, including multifamily housing, mixed-use redevelopment, or continued use as a church or assembly facility, within the downtown Grass Valley core. 0.26 acres
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Unitarian Universalist Community of the Mountains Church
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
