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Realty Point, Inc.

admin@realtypoint.net +1(916) 936-3930

$2,850,000

Est. payment - /mo

6.38 Acres Lot

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Key Details

Property Type Other Types

Sub Type Research & Development

Listing Status Active

Purchase Type For Sale

MLS Listing ID 226049007

HOA Y/N No

Year Built 1985

Lot Size 6.380 Acres

Acres 6.38

Property Sub-Type Research & Development

Source MLS Metrolist

Property Description

870 Gold Flat Rd is a 29,088 SF multi-tenant office/R&D/industrial building on 6.38 acres in Nevada City, CA. Priced at $2,850,000 ($97.97/SF), the property is offered at a significant discount to replacement cost and presents a compelling opportunity for owner-users or value-add investors. Currently 55% occupied with 2 long-term tenants in place Mini Mania (15+ years) and Ensemble Legacy (20+ years), both with deep operational roots and capital investment in the property the building produces ~$16,000/month in rental income with ~13,000 SF of high-quality office space available for immediate use. Flexible layouts include open office areas, private offices, vaulted ceilings, and a commercial kitchen. Infrastructure highlights include a high-capacity owned solar system, backup generator, ample parking, 3 roll-up doors, and strong site circulation. An owner-user could occupy the vacant space while offsetting costs with in-place income, or an investor could lease up the vacancy to achieve a pro forma cap rate of approximately 9.0%. The low-coverage site (FAR 0.19) also offers potential for additional development.

Location

State CA

County Nevada

Area 13106

Direction From CA-49 N exit Gold Flat Road / Ridge Rd, turn right on Gold Flat Rd, property is on the left. From CA-49 S/CA-20 W exit Gold Flat Road / Ridge Road, turn left on Gold Flat Rd, property is on the left.

Location Details See Remarks

Interior

Heating See Remarks

Cooling See Remarks

Flooring See Remarks

Exterior

Parking Features See Remarks

Utilities Available Sewer Connected

Water Access Desc Public

Roof Type See Remarks

Topography Level

Building

Sewer Public Sewer

Water Public

Others

Senior Community No

Tax ID 037-050-050-000

Special Listing Condition None

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Listed by Tucker Commercial

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Realty Point, Inc.

+1(916) 936-3930

Real Estate Brokerage CA DRE#02212763

870 Gold Flat RD Nevada City, CA 95959

Realty Point, Inc.

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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