117 New Mohawk Rd - Office FOR SALE


Nevada City, CA 95959
$995,000 USD
530-272-7222
117 New Mohawk Rd, Nevada City, CA for Sale
$995,000 USD
Office - FOR SALE
1/27
null | Request Cap Rate

117 New Mohawk Rd
Nevada City, CA 95959


HIGHLIGHTS

  • $95/SF – ~70% below replacement cost
  • New long-term lease in place (50% occupancy)
  • Owner-user or value-add investment potential
  • 9%+ pro forma cap rate at 95% occupancy
  • Zoned LI-PD – flexible for office, industrial, cannabis, and more
  • Includes adjacent .76-acre developable parcel

OVERVIEW

Coldwell Banker Commercial Grass Roots is pleased to present 117 New Mohawk, a 10,098 SF, elevator-served, multi-tenant office building offered at a steep discount—just $95/SF, nearly 70% below replacement cost. Strategically positioned within a five-minute drive of Downtown Nevada City, Grass Valley, and the Brunswick Basin, this two-story building offers flexible LI-PD zoning for office, industrial, or R&D uses. Built in 1986 and fully sprinklered, the property sits on a .95-acre parcel with secure garage parking (~15 stalls) and additional surface parking. Currently 50% occupied, the entire second floor (5,048 SF) is under a new 5-year lease (executed Feb 2025), generating $6,344.31/month. The remaining ground-floor space (5,048 SF across four separately metered suites) is ideal for lease-up or owner occupancy—each suite is under 2,000 SF, the most in-demand size in the local market. The sale also includes the adjacent .76-acre LI-PD zoned parcel at 113 New Mohawk, ideal for expansion, industrial development, or added parking/storage (with city approval).

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$99 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

undefined, Distribution, Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

1.71 AC

LAND SF

74,488 SF

ZONING

LI-PD

APN/PARCEL ID

037-060-067-000,037-060-069-000

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 Policy.