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For Sale
$1,750,000

1740 E Main
Grass Valley, CA 95945

Property consists of three first class office buildings, featuring 4 separate, condomiumized units across 7,781 SF. The Property was delivered in 2007, which makes it one of the newest office projects in Western Nevada County. Each space has been finished as Class A'' office with functional floorplans and top of the line finishes. Currently 100% occupied, however suite 101 will be vacated as of 1/1/2021. The Property is a one of a kind opportunity for either an investor or owner user; currently the Project's Net Operating Income is approximately $123,000 which equates to just north of a 7% cap rate. Suite 101 is highly leasable with a functional and flexible layout capable of accommodating many different uses, additionally, the in-place rent is approximately 10% below market rent, allowing an investor to increase yield by leasing the suite at today's rates. Read More

Market Status
Available
Last Updated
April 13, 2021

Property Type
Commercial Property
Property Type
Commercial; Office Bldg

Local Market Conditions

There are currently 16 properties for sale in the Grass Valley, CA area with the average listing price of $1,064,042. This represents an increase of +6.8% over the previous week. The 4 bedroom homes saw the largest increase in the average listing price over the previous week with a +11.8% increase. To learn more about the Grass Valley, CA area, contact a local expert!

Market Snapshot for Grass Valley, CA

Avg. Listing Price

$1,064,042

Wk ending Apr 10

$+67,888

+6.8%

w-o-w

16

69

45

Average Listing Price for Grass Valley, CA
No. BedroomsNo. Beds Week Ending
(Apr 10)
w-o-w Week Ending
(Apr 3)
Week Ending
(Mar 27)
Week Ending
(Mar 20)
All PropertiesAll $1,064,042 +6.8% $996,154 $773,158 $820,045
1 bedroom1 BR - +0.0% - $379,000 $379,000
2 bedrooms2 BR $279,000 -21.2% $354,000 $279,000 $317,000
3 bedrooms3 BR $1,180,602 +0.0% $1,180,602 $816,752 $900,965
4 bedrooms4 BR $797,500 +11.8% $713,333 $672,500 $1,191,500

Data Provided by Coldwell Banker
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This $1,750,000 Commercial Property at 1740 E Main in Grass Valley, CA is presented by Tyson Tucker and has been on the market for 144 days. This $1,750,000 Commercial Property, located in the 95945 zip code, has the following property features: Property Type. This 1740 E Main Commercial Property, located in Nevada County , is listed under MLS listing number 20067844 and has a listing price of $1,750,000. You can find more Grass Valley homes for sale here.

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