Two of six "tentative map approved" lots. These parcels represent outstanding retail pad sites and may be combined with adjacent lots creating up to a 6.14 acre developable site. See pricing chart for lots and entire property. The property has highly coveted C-2 commercial zoning allowing for retail, hotel, multi-family, residential, offices and more. Ideally, the city would like to see the rear portion of the property developed with market-rate housing or rental apartments. This parcel is currently improved with a +-22,000 SF retail/office building which will either need to be razed or fully rehabilitated.

Located in the Glenbrook/Brunswick Basin, the busiest commercial hub in Nevada County, and walking distance to a myriad of desirable services, this is the foremost infill site in the entire city. Grass Valley has identified "retail leakage" of over $200m, and the city currently has a record low inventory of rental and sale housing, making this property highly desirable for immediate development.

Location Description:

Grass Valley is nestled in the Sierra Nevada foothills only one hour from both Lake Tahoe and Sacramento. The area is located below the snow line and above the fog for a perfect 4-season climate. Nevada Countys economy has effectively transformed from mining & forestry to vibrant high-tech and tourist based industries. This area continues to attract residents and businesses from the nearby Sacramento and San Francisco Bay areas. The Brunswick/Glenbrook Basin is the most active commercial hub in the City of Grass Valley, lying on both sides of Highway 49 at the Brunswick Road exit adjacent to Nevada City. The area contains 3 anchored centers with tenants including Safeway, SaveMart, CVS, RiteAid, Walgreens, Staples, and various national banks & fast food eateries.

Highlights:

>> A top-priority infill site in the City of Grass Valley.

>> Retail pad frontage for mixed-use development.

>> High demand retail market with severe supply constraints.

>> Record low housing inventory.

>> Located in Grass Valley's busiest commercial hub.

>> Superb Nevada City Highway frontage.

* Email for additional photos

Owned free & clear - open to financing options.

Sales Info:

>> Commision split: 2.5%