For Sale
$348,000

2391 Nevada City Hwy Grass Valley, CA 95945

0.79-acre C-2 zoned commercial lot

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 0.79-acre commercial lot, located at 2391 Nevada City Hwy, Lot 4, 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 an anchor tenant for this development. A city-commissioned 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 4, along with Lot 5, offers the potential for mixed-use development, including market-rate multi-family rental or sale housing, hotel, or medical facilities. The property's superb Nevada City Highway frontage ensures high visibility and accessibility. This lot could also be assembled with additional available lots for a larger-scale project. Asking price: $348,000.

Property Details for 2391 Nevada City Hwy

Property type
Land
Lot Size (sq. ft)
34,412 SF

Location Insight

City
Grass Valley
County
Nevada
State
California
Latitude
39.2430895
Longitude
-121.0333275

FAQs

What type of property is this?
Land - 0.79-acre C-2 zoned commercial lot
Where is the land located?
The property is located at 2391 Nevada City Hwy Grass Valley, CA.
What is the asking price?
The asking price for this property is $348,000.
How can I contact the broker?
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2391 Nevada City Hwy
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