870 Gold Flat RD, Nevada City, CA 95959
870 Gold Flat RD, Nevada City, CA 95959
870 Gold Flat RD, Nevada City, CA 95959
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$2,850,000
Est. payment /mo
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6.38 Acres Lot
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870 Gold Flat RD Nevada City, CA 95959

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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


MetroList® Services, Inc
Listed by Tucker Commercial

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I’ve had the pleasure of knowing C Ray now for years in both professional and personal relationships. C Ray has always exhibited a positive, professional outlook in all of our interactions, in a variety of situations. His ability to listen to our needs and wants, compare that with opportunities available on the market and show us appropriate properties, in our price range that met our vision. We are extremely excited about the home we chose and even though there were some challenges, both personal and professional in each of our lives, he stayed engaged with all parties and we closed the deal on time. You won’t go wrong if you partner with C Ray in the pursuit of finding your new home. His life experience and desire to fulfill your needs are always his first priority

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C Ray Brower

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870 Gold Flat RD