200 Commercial Street, Nevada City, CA 95959

Property Description

200 Commercial Street represents a rare opportunity to acquire a Gold Rush era brick building at the corner of Commercial and Main in the heart of historic downtown Nevada City one of Northern California's best preserved downtown corridors. The building features exposed brick walls throughout, direct frontage on both Commercial and Main Streets, and four (4) dedicated off-street parking spaces a significant competitive advantage in a market where downtown parking is extremely limited. The property offers a true walk-to-everything location, sitting just steps from award-winning restaurants, galleries, boutique retailers, and the Broad Street corridor the heart of Nevada City's pedestrian retail spine. Downtown Nevada City is a National Register historic district that draws year-round tourism from the Bay Area, Sacramento, and beyond, and the inventory of historic inline buildings is extremely supply-constrained. Assets of this caliber, corner position, and pedigree rarely come to market. The versatile floor plan supports a wide range of uses and is currently configured as a yoga studio, event venue, meditation center, and retail storefront. With GB (General Business) zoning, month-to-month tenancy, and the ability to deliver vacant with 90 days' notice, an incoming owner has full flexibility to reposition, owner-occupy, or pursue a multi-tenant configuration through the building's multiple separate entries. Non-retail uses are subject to a use permit from the City of Nevada City. Priced at $739,000 approximately $152 per square foot the offering represents an extremely attractive cost basis relative to downtown Nevada City sold comparables. Assets of this caliber in downtown Nevada City trade infrequently.