13451 Colfax HWY, Grass Valley, CA 95945
13451 Colfax HWY, Grass Valley, CA 95945
13451 Colfax HWY, Grass Valley, CA 95945
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$2,800,000
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10.65 Acres Lot
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13451 Colfax HWY Grass Valley, CA 95945

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Sierra Player

Sierra Player

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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID 226049573

HOA Y/N No

Year Built 1962

Lot Size 10.650 Acres

Acres 10.65

Property Sub-Type Retail

Source MLS Metrolist

Property Description

The Cedar Ridge Y is a fully leased 29,645 SF multi-tenant retail strip center in Grass Valley, CA. Priced at $2,800,000 ($94.95/SF) with an in-place cap rate of 9.09%, this stabilized investment includes three retail buildings on 6.49 acres and an adjacent 4.23-acre Business Park-zoned parcel offering future development potential. The center consists of 13 suites with a diverse mix of restaurant, bar, automotive, and retail tenants. Anchor tenants include Soulful Kitchen (new 5-year lease), Uncle Sonny's Bar, and Tom's Car Care. No tenant contributes more than 15% of the total income, providing strong cash flow diversification. Rents average $0.99/SF gross, significantly below market, creating upside through lease-up and repositioning. Several leases are MTM or near-term, offering operational flexibility. Located on State Route 174 with 750+ feet of frontage (AADT: 6,830), the property enjoys excellent visibility and access in a low-vacancy, supply-constrained market. Grass Valley is the commercial center of western Nevada County, serving a regional trade area of 90,000+ residents. This offering combines steady in-place income, value-add potential, and future development upside, a rare opportunity under $100/SF in Northern California.

Location

State CA

County Nevada

Area 13104

Direction From State Hwy 49 S/20 W exit Brunswick Rd and turn left, merge onto Colfax Hwy, turn right on Via Borgins. From State Hwy 49 N exit SR-174 / Colfax, turn right on Colfax Ave, continue onto Colfax Hwy, turn right onto Via Borgins.

Location Details See Remarks

Interior

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Exterior

Parking Features See Remarks

Utilities Available Propane

Water Access Desc Public

Roof Type See Remarks

Building

Sewer Septic System

Water Public

Others

Senior Community No

Tax ID 012-040-067-000

Special Listing Condition None

MetroList® Services, Inc
Listed by Tucker Commercial

NEARBY SCHOOL & BUSINESS

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