Freestanding Commercial on Double-size Lot

448 Colfax Avenue Grass Valley, CA 95945

448 Colfax Avenue, Grass Valley, CA, 95945
448 Colfax Avenue, Grass Valley, CA, 95945 448 Colfax Avenue, Grass Valley, CA, 95945 448 Colfax Avenue, Grass Valley, CA, 95945 448 Colfax Avenue, Grass Valley, CA, 95945 448 Colfax Avenue, Grass Valley, CA, 95945 448 Colfax Avenue, Grass Valley, CA, 95945 448 Colfax Avenue, Grass Valley, CA, 95945 448 Colfax Avenue, Grass Valley, CA, 95945 448 Colfax Avenue, Grass Valley, CA, 95945 448 Colfax Avenue, Grass Valley, CA, 95945
FOR SALE Incentives
Property Type:
Street Retail
Amount:
$325,000
Last Verified:
Dec 08, 2017

Highlights

  • Flexible use zoning - retail, office, shop space, live/work, residential.
  • Large lot with yard storage / extra parking.
  • Great retail visibility / drive-by exposure.
  • Rear truck door loading.
  • Multi- or single-tenant use.
  • $1450/mo current income.

Description

448 Colfax Ave is a +-3,520 SF freestanding flex building originally built in 1951, expanded to two levels in 1977, and renovated in 2006. Two of the five spaces are leased on a monthly basis ($1450/mo) making this the perfect property for an owner/user looking for space utility, investment upside and future expansion capability. The property has convenient front and rear street access, roll-up door, and an extra large parking area (+-16 spaces) with fenced-yard storage. The NC-Flex zoning allows uses including retail, office, residential, live/work, medical, daycare and more. Colfax Ave has extremely high traffic counts, superb exposure with many properties undergoing renovation and seeing excellent appreciation. This property is currently IN ESCROW!

Grass Valley is nestled in the Sierra Nevada foothills only one hour from both Lake Tahoe & Sacramento. Located below the snow line & above the fog for the perfect 4-season climate. Within 90 minutes of 4 major universities (UC Davis, CS Chico, CS Sacto & UN Reno) & 2 intl. airports (Sacto & Reno). Nevada County’s economy has effectively transitioned from mining/logging/construction to video tech, digital media & other high-tech industries, balanced by national-caliber arts & entertainment sectors. With superb schools & multiple national awards relating to unbeatable quality of life, the region continues to attract residents & businesses from nearby Sacramento & the SF Bay Area.
Colfax Ave (aka Highway 174) is a major arterial and gateway street into and out of Grass Valley, connecting directly with Interstate 80 at Colfax. It is an up and coming corridor with older structures undergoing appealing renovations, and many new and exciting businesses opening up.


Year Built: 1951
Building Size: 3520.0sq ft
Building Class: B
Lot Size: 0.22 acres

Map of 448 Colfax Avenue, Grass Valley, CA, 95945

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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:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.