318 Broad StNevada City, CA 95959

Property Details for 318 Broad St

Year built

2005

Lot size

0.03 AC

Property size (Sq ft)

2,500 SF

Zone code

C

Property type

Retail properties

Property subtype

Retail space

APN

005-397-012-000

APU

5397012000

Description

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.

• 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

Property Tax & Assessments

FAQs

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