2-Tenant Retail Building on New $5mm Pedestrian Plaza

154 Mill St Grass Valley, CA 95945

154 Mill St, Grass Valley, CA, 95945
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FOR SALE
Property Type:
Street Retail
Amount:
$595,000
Last Verified:
May 22, 2024
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Highlights

  • Downtown street retail building in premier location.
  • Divided into two tenancies fronting on new $5mm pedestrian plaza.
  • Month-to-month leases allowing owner/user or investor purchase.
  • New 25-year warranted roof completed last year!
  • Prime Mill Street location in the heart of historic Downtown Grass Valley.

Description

A Victorian era 2-tenant downtown retail building in a most coveted location fronting the beautiful new $5mm Mill Street Pedestrian Plaza, representing the newest and most pleasant shopping, dining and gathering experience in the County! Both tenants - a vintage clothing store and a gluten-free bakery - are on month-to-month leases at rents more than 30% below market creating an opportunity for either: 1) an owner/user to purchase and occupy one space with rental income from the other (or to combine and/or occupy both spaces); or 2) an investor to own a high demand retail property in a premier location with the opportunity to maximize and enjoy two diversified income streams.

Grass Valley is nestled in the Sierra Nevada foothills only one hour from both Lake Tahoe and Sacramento. The region is located below the snow line and above the fog for the perfect 4-season climate. It lies within 90 minutes of 4 major universities (UC Davis, CS Chico, CS Sacramento & UN Reno) and 2 international airports (Sacramento & Reno). The local Nevada County economy includes various high-tech industries balanced by national caliber arts and entertainment sectors. With superb schools and multiple national awards relating to unbeatable quality of life, the Grass Valley/Nevada City region continues to attract residents and businesses from nearby Sacramento and the SF Bay Area.
Downtown Grass Valley is a dynamic and thriving 4-block commercial district located two blocks from Highway 49 and forming the centerpiece of the City. Mill Street forms the heart of the Downtown and it features an array of fine retail shops, professional offices and superb restaurants in an authentic Gold Rush setting. At a cost of over $5mm, Mill Street, between Neal and W. Main Streets, was recently transformed from a vehicular street into a stunning pedestrian plaza catering to shoppers, diners, locals and tourists alike, making it the most coveted location in town.


Year Built: 1871
Building Size: 2470sq ft
Lot Size: 0.06 acres


Documents

Offering Memorandum 154-156 Mill St
GV Zone Combining Dist H & D.pdf
GV Zone TownCore 10-2018.pdf

Map of 154 Mill St, Grass Valley, CA, 95945

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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