3-Building Light Industrial Complex

174 - 178 Lower Grass Valley Road Nevada City, CA 95959

174 - 178 Lower Grass Valley Road, Nevada City, CA, 95959
174 - 178 Lower Grass Valley Road, Nevada City, CA, 95959
FOR SALE
Property Type:
Factory
Amount:
$1,249,000
Last Verified:
Mar 26, 2019

Highlights

  • 3-Building Industrial Complex
  • City of Nevada City Location
  • Light Industrial Zoning
  • 1 Block to Freeway
  • Available for Single or Multi-tenant Use
  • Huge Power, High Ceilings, Metal Construction
  • Spacious .66 Acre Site w/ Easy Truck Accessibility

Description

HUGE PRICE REDUCTION! The offering consists of 3 freestanding insulated metal buildings built in the '80s and located on a light industrial zoned .66 acre parcel within the city limits of Nevada City. This rare property may meet Nevada City's location and zoning requirements for certain cannabis uses, however CANNABIS USE IS NOT GUARANTEED. Each of the three buildings are approximately 3,000 SF, have two grade-level roll-ups, two restrooms, 400A/220V 3-phase power, and ceiling heights ranging from 14' - 20'. The site contains an upper truck turnaround area and parking for up to 22 vehicles. Current income from existing mo-to-mo tenant and possible leaseback from Seller. Located only one block from the Highway 49/20 interchange at Gold Flat and Ridge Road, this is a uniquely valuable property.

Nevada City 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). Nevada County’s economy has effectively transitioned from mining/logging/construction to video technology, digital media and other high-tech industries, balanced by national caliber arts and entertainment sectors. With superb schools and multiple national awards relating to unbeatable quality of life, Nevada City continues to attract residents and businesses from nearby Sacramento and the SF Bay Area.


Year Built: 1988
Building Size: 8590.0sq ft
Building Class: C
Lot Size: 0.66 acres

Map of 174 - 178 Lower Grass Valley Road, Nevada City, CA, 95959

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What are Real Estate Incentives?

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."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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