310 Broad StNevada City, CA 95959

Property Details for 310 Broad St

Year built

1951

Lot size

0.04 AC

Property size (Sq ft)

2,360 SF

Zone code

C

Property type

Retail properties

Property subtype

Retail space

APN

005-397-004-000

APU

5397004000

Description

This exceptional opportunity presents the acquisition of a well-established retail business located at 310 Broad Street in the vibrant downtown area of Nevada City, California. The property encompasses 1,200 square feet and is classified as Special Purpose. Currently operating as a thriving nature and science gift store, "The Earth Store," this turnkey operation has enjoyed a successful 25-year run, offering a diverse range of products including birding supplies, weather instruments, men's and women's casual outdoor clothing, regional guide books, a dedicated children's education section, and a variety of gift items. The seller is retiring, presenting a unique chance for a new owner to step into a ready-made business with an established customer base. The asking price for this property is $135,000. The property's prime location in the heart of Nevada City ensures high visibility and foot traffic, contributing to its consistent success. This is an ideal investment for an entrepreneur seeking an established business with significant growth potential in a desirable California location. The zip code is 95959. The property is situated at latitude 39.2628756 and longitude -121.0190631. This presents a rare chance to own a piece of Nevada City's thriving retail landscape. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $545,142

  6.5%

  $503,208

  7%

  $467,264

• Comparable approach

  Method

  Valuation

  Relative Method

  $818,103

  Geo Method

  $849,141

• Alternative Use

  Use

  Valuation

  Residential

  $424,475

  Hospitality

  $388,817

  Educational

  $323,491

  Medical

  $334,616

  Retail

  $503,208

Location Insight

City

Nevada City

County

Nevada

State

California

Latitude

39.2629

Longitude

-121.019

CBSA code

46020

CBSA name

TRUCKEE-GRASS VALLEY, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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