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Address Not Available By Request

Nevada City, CA 95959
  • $895,000
  • STATUS: Active
  • ON SITE: 130 Days
  • MLS #: 222125720
UPDATED: 56 min ago
$895,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,319
    SQFT
  • $679
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1960
County:
Area:

School Ratings & Info

Description

PRICE REDUCED! An almost impossible-to-find single-tenant triple-net (NNN) newly constructed investment offering in an unrivaled Broad Street location in the heart of historic Downtown Nevada City directly across from the new National Exchange Hotel. A new 5-year personally guaranteed lease with two 5-year options and annual CPI rent escalations provides the investor with a management/maintenance-free property priced at an in-place 5.63% capitalization rate of return. This property was fully and completely renovated in 2019-20 with approximately $400,000 worth of improvements including all new electrical, plumbing, sewer, HVAC, whole-building generator, roof mounted solar, insulation, fire alarm, framing, flooring, ceiling, LED lighting, ADA restroom, windows, doors, exterior paint/fascia and a first class commercial kitchen complete with Ansul hood system, dish/prep/handwashing sinks, comm. dishwasher, grease trap, water heater and more. If you are tired of the volatile stock market and are looking for a steady return that will keep up with inflation and appreciate over time, look no further.

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Metrolist MLS logo © 2023 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2023-02-05T11:39:12.907. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.sachousesforsale.com/homes/133464001
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Address Not Available By Request Nevada City, CA 95959

  • Price: $895,000
  • Status: Active
  • On Site: 130 Days
  • Updated: 56 min ago
  • MLS #: 222125720
0
Beds
0
Baths
0
½ Baths
0.04
Acres
1,319
SQFT
$679
$/SQFT
1960
Built
Neighborhood:
Nevada City
County:
Nevada
Area:
Nevada City
Property Description
PRICE REDUCED! An almost impossible-to-find single-tenant triple-net (NNN) newly constructed investment offering in an unrivaled Broad Street location in the heart of historic Downtown Nevada City directly across from the new National Exchange Hotel. A new 5-year personally guaranteed lease with two 5-year options and annual CPI rent escalations provides the investor with a management/maintenance-free property priced at an in-place 5.63% capitalization rate of return. This property was fully and completely renovated in 2019-20 with approximately $400,000 worth of improvements including all new electrical, plumbing, sewer, HVAC, whole-building generator, roof mounted solar, insulation, fire alarm, framing, flooring, ceiling, LED lighting, ADA restroom, windows, doors, exterior paint/fascia and a first class commercial kitchen complete with Ansul hood system, dish/prep/handwashing sinks, comm. dishwasher, grease trap, water heater and more. If you are tired of the volatile stock market and are looking for a steady return that will keep up with inflation and appreciate over time, look no further.
Exterior Features

Construction Materials See Remarks Dock Doors 0 Loading See Remarks Num Of Floors 0 Parking Features See Remarks Roof See Remarks Total Parking Spaces 0.00

Interior Features

Cooling See Remarks Flooring See Remarks Heating See Remarks Num Of Elevators 0 Num Of Restrooms 0 Office Sq Ft 0 Retail Sq Ft 0 Warehouse Sq Ft 0

Property Features

Building Features See Remarks Business Type Restaurant Electric Master Electric Meter Income Includes See Remarks Lease Deposit 0 Location DowntownSee Remarks Num Of Offices 0 Num Of Tenants 0 Property Subtype Retail Property Type Commercial Sale Sewer Public Sewer Special Listing Conditions None Tenant Pays See Remarks Utilities Natural Gas Connected Water Source See Remarks Year Renovated 1905 Zoning Gb

Metrolist MLS logo Listing provided courtesy of Highland Commercial, Inc.: . Listing information © 2023 MetroList Services, Inc.


Metrolist MLS logo © 2023 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2023-02-05T11:39:12.907. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
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Parm Atwal Real Estate Team | Keller Williams Realty
4080 Truxel Road, Suite 100
Sacramento CA, 95834