The venerable South Pine Cafe building in Downtown Nevada City is now available for purchase for the first time in over 30 years. This is a fully-leased income producing property with the ground level consisting of +- 1,921 sq. ft. and housing the most popular cafe in town - the South Pine Cafe - which has been under the same ownership for over 15 years, and has over five years remaining on lease. Great upside due to significant rental escalations in the anchor tenant lease and below market rent in one of the apartments. Upstairs are two 1 bed/1 bath apartments, each 500+ sq. ft., that enjoy consistent occupancy. For anyone looking for an easy to manage commercial investment property in an award-winning Sierra Foothills town, look no further. Over $56k gross income.

Location Description:

Nevada City is nestled in the Sierra Nevada foothills only one hour from both Lake Tahoe and Sacramento. The region is located below the snow line and above the fog for the perfect 4-season climate. It lies within 90 minutes of 4 major universities (UC Davis, CS Chico, CS Sacramento & UN Reno) and 2 international airports (Sacramento & Reno). Nevada County

Open to new financing.

Sales Info:

>> Commision split: 3.0%