124 Bank St - Restaurant FOR SALE


Grass Valley, CA 95945
$895,000 USD
530-386-6236
124 Bank St, Grass Valley, CA for Sale
$895,000 USD
Restaurant - FOR SALE
1/45
null | 6.02% Cap Rate

124 Bank St
Grass Valley, CA 95945


HIGHLIGHTS

  • Downtown Victorian in Grass Valley
  • Lower Level Restaurant/12 Parking Spaces
  • Middle Floor Office/Appt. Upper Level 1 Bedroom

OVERVIEW

Step into timeless elegance with this exquisitely restored 3 story Victorian building ideally situated in the heart of Grass Valley's vibrant historic district. Built in 1891 & beautifully updated mixed use building sits on an 11,000 sf lot w/ 12 parking spaces & 700 sf covered garden dining area. Ground level has a 1,775 sf turnkey Restaurant w/ fully equipped commercial kitchen & a 600 sf basement. There is a beer/wine bar with quaint waiting area and 3 large Dining Rooms that can accommodate up to 70 customers. The 2nd floor is an expansive 1,400 sf Flex Space with 11' ceilings, including a private office, two private rooms/bedrooms, a large open central area w/ 1.5 bathrooms, a small kitchen and a large shared back view deck. Level 3 features a 650 sf, 1 Bedroom, 1 Bath Apartment plus a bonus room. The cute apartment includes numerous skylight and vaulted ceilings. This 1892 Victorian was completely renovated in 1992 & 2000, and has had many additional upgrades over the last 2 decades, including electrical, plumbing, HVAC systems & wood floors. Located directly across from the areas largest hotel/convention center. Just one block from Hwy. 49 and a short stroll to downtown shops, wine bars & entertainment. Don't miss this opportunity to own one of Grass Valley's best commercial properties. All Units are currently under market value & are Month to Month, offering potential rental increases for new owner.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$230 USD /SF

CAP RATE

6.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1891

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

Commercial/Residential

APN/PARCEL ID

008-348-008-000

ASK ABOUT THIS PROPERTY

Alan SavageSierra Heritage RealtyMore Info
530-386-6236

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Alan SavageSierra Heritage RealtyMore Info
530-386-6236

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