214 Broad StNevada City, CA 95959

Property Details for 214 Broad St

Year built

1959

Lot size

0.04 AC

Property size (Sq ft)

1,319 SF

Zone code

C

Property type

Retail properties

Property subtype

Turn key restaurants

APN

005-396-026-000

APU

5396026000

Description

This exceptional 1,313 square foot restaurant building, located at 214 Broad Street in Nevada City, California, presents a unique owner-user opportunity. Completely renovated in 2020 with approximately $400,000 in improvements, this Class B property boasts a modern, fully equipped commercial kitchen featuring an Ansul hood system, dishwashers, and ample prep space. The renovation included new electrical, plumbing, sewer, HVAC, a whole-building generator, roof-mounted solar panels, insulation, fire alarm system, framing, flooring, ceiling, LED lighting, an ADA-compliant restroom, windows, doors, and exterior paint. Situated on a 0.04-acre lot (APN 005-396-026), this prime location directly across from the new National Exchange Hotel offers 1,684 square feet of net rentable space, including a private patio. The property is zoned GB General Business and is ideal for a restaurant or other food and beverage establishment. Nevada City's thriving downtown, listed on the National Register of Historic Places, attracts visitors and residents alike, offering a vibrant atmosphere and strong economic potential. The asking price is $675,000, translating to $414 per square foot. The building was originally constructed in 1960. This turnkey operation is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $304,679

  6.5%

  $281,242

  7%

  $261,153

• Comparable approach

  Method

  Valuation

  Relative Method

  $457,237

  Geo Method

  $474,584

• Alternative Use

  Use

  Valuation

  Residential

  $237,238

  Hospitality

  $217,309

  Educational

  $180,798

  Medical

  $187,016

  Retail

  $281,242

Location Insight

City

Nevada City

County

Nevada

State

California

Latitude

39.2626

Longitude

-121.018

CBSA code

46020

CBSA name

TRUCKEE-GRASS VALLEY, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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