13451 Colfax HWY, Grass Valley, CA 95945
13451 Colfax HWY, Grass Valley, CA 95945
13451 Colfax HWY, Grass Valley, CA 95945
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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Kelly Pleasant

Kelly Pleasant

+1(916) 743-0844
$ 2,800,000
Est. payment | /mo

10.65 Acres Lot

Save
$ 2,800,000
Est. payment | /mo
Save

10.65 Acres Lot

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

Heating See Remarks

Cooling See Remarks

Flooring See Remarks

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

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Kelly Pleasant

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(916) 743-0844

kelly@pleasantrealestategroup.com

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13451 Colfax HWY