4026 Grass Valley HwyAuburn, CA 95602

  • Retail properties
  • 3,642 SF
For Sale
$990,000 View listing

Property Details for 4026 Grass Valley Hwy

Year built
1947
Lot size
0.98 AC
Property size (Sq ft)
3,642 SF
Property type
Retail properties
Property subtype
Other retail properties

Description

This exceptional investment opportunity presents two single-story commercial buildings totaling 3,642 square feet situated on a 0.98-acre lot in Auburn, California. The property, located at 4026-4044 Grass Valley Highway (Highway 49), boasts a prime location with high visibility and traffic counts. Currently vacant, this multi-tenant property offers significant potential for owner-users or investors. The buildings, constructed in 1947, are classified as Class C and zoned C2-DC, allowing for a variety of uses. The property features four units, ideal for a variety of retail or office configurations. The asking price is $990,000, representing a price per square foot of $271.83 and a 5.17% capitalization rate based on a Net Operating Income (NOI) of $51,191. The property includes a sizable yard area, adding to its versatility. Previous uses include restaurant and storefront operations, making it suitable for a second-generation restaurant or similar business. The property's location on Highway 49, near Dry Creek Road, offers excellent access and exposure to a large customer base. The property's potential extends to auto sales, given its ample space and highway visibility. This is a rare opportunity to acquire a well-located commercial property with significant upside potential in a thriving market. The APN is 076-061-034. The lease type is gross.

4026 Grass Valley Hwy, Auburn, California

Location Insight

City
Auburn
County
Placer
State
California
Latitude
38.9573
Longitude
-121.101

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