For Sale
$1,249,000

174 Lower Grass Valley RdNevada City, CA 95959

Three-building warehouse, ideal owner-user.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Nevada City industrial property presents a unique investment opportunity. The complex comprises three freestanding, insulated metal buildings totaling 8,590 square feet, each roughly 3,000 square feet. Built in 1988, these structures boast 14' to 20' ceilings, two grade-level roll-up doors, two restrooms per building, and robust 400 amp/220v 3-phase power. Situated on a sizable 0.66-acre lot zoned for light industrial use, the property offers ample space and convenient access. The location is highly desirable, just one block from the Highway 49/20 interchange at Gold Flat and Ridge Road, providing excellent freeway access. The site includes a convenient upper truck turnaround area and parking for up to 22 vehicles. Currently generating income from a month-to-month tenant, a potential leaseback from the seller is also available. While the property may meet Nevada City's location and zoning requirements for certain cannabis uses, this is not guaranteed. This is a valuable property suitable for single or multi-tenant occupancy, offering significant potential for a variety of industrial uses. The asking price is $1,249,000, translating to $145.40 per square foot. This represents a compelling value-add opportunity in a prime Nevada City location.

Highlights

  • Three-building industrial complex totaling 8,590 square feet, with potential for cannabis use (buyer to verify).
  • Nevada City location.
  • Light industrial zoning.
  • One block from Highway 49/20 interchange, offering excellent freeway access.
  • Suitable for single or multi-tenant occupancy.
  • High ceilings (14'-20'), metal construction, 400 amp/220v 3-phase power.

Property Details for 174 Lower Grass Valley Rd

Property type
Warehouses, Industrial properties
Square Feet
8,590 SF
Class
C
Year Built
1988
Buildings
3
Stories
1
Lot Size (sq. ft)
28,750 SF

Location Insight

City
Nevada City
County
Nevada
State
California
Latitude
39.246929561543
Longitude
-121.02692166481
174 Lower Grass Valley Rd, Nevada City, California

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174 Lower Grass Valley Rd
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