Property Listing No Longer Available for Sale

2391 Nevada City Highway, Lot 2

Grass Valley, CA

Land for Sale - $359,000 - 18295 acres


Property Info

CIMLS#801178
Location
  2391 Nevada City Highway, Lot 2
  Grass Valley CA 95945
UpdatedDecember 11th, 2015
TypeLand
Price$359,000
Land18295 acres

Property Description

This half-acre lot represents the prime corner pad site in the 6-lot "tentative map approved" Yuba River Commercial Center. The lots range in size from .42 to 1.58 acres and may be combined with adjacent lots creating up to a 6.15 acre developable site. See pricing chart for all lots. The property has highly coveted C-2 commercial zoning allowing for retail, hotel, mixed-use multi-family, school, offices and more. Formerly home to national building supply store Meeks Lumber & Hardware. This parcel is currently a paved parking area for the former Meeks store. The property is located in the Glenbrook/Brunswick Basin, the busiest commercial hub in Nevada County. The 2011 Buxton Report on retail potential commissioned by the City identified over $200m in regional retail sales leakage to outside areas, making these new lots highly desirable in a severely supply constrained market. Extended escrow period of approximately 6 months required to allow for completion of on- and off-site subdivision improvements and final mapping. This property is currently In-Escrow!

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:

>> Prime front corner retail pad in 6 lot subdivision.

>> High demand retail market with severe supply constraints.

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

>> Superb Nevada City Highway frontage.

>> Additional lots range from .67 - 1.58 acres in size

* Email for additional photos


Financials

Sales Info:

>> Commision split: 2.5%


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