Freestanding Commercial on Double-size Lot
448 Colfax Avenue
Grass Valley, CA 95945
- 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.
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.