107 Bank St - Storefront FOR SALE


Grass Valley, CA 95945
$1,100,000 USD
530-272-7222
107 Bank St, Grass Valley, CA for Sale
$1,100,000 USD
Storefront - FOR SALE
1/44
null | 7.16% Cap Rate

107 Bank St
Grass Valley, CA 95945


HIGHLIGHTS

  • 100% Leased: Long-term tenant Booktown Books, in place ~20 years.
  • Strong Returns: 7.16% cap rate with 3% annual increases.
  • Credit Security: Personal guarantees from all cooperative members.
  • Historic Character: 1922 build with 18-ft ceilings and offices.
  • Prime Location: Steps from Mill Street Plaza and public parking.
  • Zoned Town Core: Offering maximum flexibility for commercial uses

OVERVIEW

Coldwell Banker Commercial is pleased to present 107 Bank Street, a 4,247 SF retail building in the heart of downtown Grass Valley. The property is fully occupied by Booktown Books, a cooperative of independent booksellers that has operated at this location for approximately 20 years. A new five-year Modified Net Lease was executed in January 2025, providing investors with a 7.16% going-in cap rate and scheduled 3% annual increases, resulting in a blended 7.43% average cap rate over the lease term. Each cooperative member has personally guaranteed the lease, offering a unique level of credit strength and security. 107 Bank Street offers a rare opportunity to acquire a stabilized, income-producing asset with long-term tenant history, personal guarantees, predictable rent growth, and an irreplaceable downtown location adjacent to municipal parking and the city’s premier pedestrian corridor.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$259 USD /SF

CAP RATE

7.16%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

TC

APN/PARCEL ID

008-372-003-000

ASK ABOUT THIS PROPERTY

Tyson TuckerColdwell Banker Commercial Grass RootsMore Info
530-272-7222

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Tyson TuckerColdwell Banker Commercial Grass RootsMore Info
530-272-7222

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