This exceptional 2,500 square foot retail space is located at 318 Broad Street in the heart of Nevada City, California (zip code 95959). The property boasts a charming two-story layout, featuring approximately 1,400 square feet of ground floor retail space and an additional 1,100 square feet downstairs. Fully renovated in 2017, this single-tenant space seamlessly blends historical charm with modern updates, offering high ceilings and exceptional natural lighting. A delightful back patio adds to the property's appeal. The space is ideally suited for creative retailers seeking a strong presence in this irreplaceable location. The property is available for occupancy by the end of September 2024, and is perfect for businesses seeking a versatile and inviting retail environment. Its central location on Broad Street ensures high visibility and accessibility for customers. The property's blend of historical character and modern amenities provides a unique opportunity for a variety of retail concepts. This is a rare chance to secure a prime retail location in the thriving Nevada City market.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$577,481
6.5%
$533,059
7%
$494,984
Comparable approach
Method
Valuation
Relative Method
$866,635
Geo Method
$899,514
Alternative Use
Use
Valuation
Residential
$449,655
Hospitality
$411,882
Educational
$342,681
Medical
$354,466
Retail
$533,059
Location Insight
City
Nevada City
County
Nevada
State
California
Latitude
39.263
Longitude
-121.019
CBSA code
46020
CBSA name
TRUCKEE-GRASS VALLEY, CA MICROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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