104-114 Argall Way - Retail FOR SALE


Nevada City, CA 95959
$1,088,000 USD
530-470-3272
104-114 Argall Way, Nevada City, CA for Sale
$1,088,000 USD
Retail - FOR SALE
1/43
null | 6.95% Cap Rate

104-114 Argall Way
Nevada City, CA 95959


HIGHLIGHTS

  • Busy Road Frontage on City Street
  • Single Story Contiguous Building
  • A RARE OWNER-BUILT RETAIL ASSET WITH PROVEN INCOME

OVERVIEW

Pride of ownership is evident in this well-maintained, single-owner retail property located in the desirable 7-Hills Business District of Nevada City. Built in 1977 by the current owner, this six-unit neighborhood center has enjoyed consistent occupancy and strong tenant retention. The property features a diverse and complementary tenant mix, including a laundromat, dog groomer, hair salon, home décor and design store, bulk refill shop, and trophy business — all operating at or slightly below market rent with solid tenancy and history. Each suite offers its own restroom, HVAC system, and dual access points, providing both functionality and convenience for tenants and customers alike. Recent improvements include a full exterior repaint, and the site offers ample on-site parking on a 0.56± acre parcel. The center benefits from excellent visibility and foot traffic, with direct access to SPD Market, restaurants, and surrounding retail and service businesses. This offering represents a rare opportunity to acquire a stable, income-producing asset in a sought-after Nevada City location. The property delivers approximately $76,000 in Net Operating Income (NOI), reflecting a 6.95% cap rate at the list price. Tenants reimburse all property expenses except management fees through Common Area Expense (CAE) charges.

FOR SALE DETAILS

PRICE

$1,088,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

6.95%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

undefined, Showroom, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

C

APN/PARCEL ID

005-270-029-000

ASK ABOUT THIS PROPERTY

Amelia BarrettBarrett & AssociatesMore Info
530-470-3272

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Amelia BarrettBarrett & AssociatesMore Info
530-470-3272

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.