13451 Colfax hwy - Retail FOR SALE


Grass Valley, CA 95945
$2,800,000 USD
530-272-7222
13451 Colfax hwy, Grass Valley, CA for Sale
$2,800,000 USD
Retail - FOR SALE
1/30
null | 9.09% Cap Rate

13451 Colfax hwy
Grass Valley, CA 95945


HIGHLIGHTS

  • Fully Leased-13 Tenants | ±29,645 SF multi-tenant retail center with a diverse mix of retail, restaurant, and service uses.
  • Strong In-Place Yield | Offered at $2.8M with ±$254K NOI — 9.09% cap rate.
  • Income Stability | No tenant contributes over 15% of revenue; broad mix reduces risk.
  • Below-Market Rents | Avg. rent at $0.99/SF gross allows upside through lease-up and repositioning.
  • Future Development Opportunity | Includes adjacent ±4.23-acre BP-zoned parcel — ideal for self-storage (Use Permit required).
  • Prime Frontage & Access | 750+ feet along State Route 174 (AADT: 6,830) between Grass Valley and Colfax/I-80.

OVERVIEW

Coldwell Banker Commercial is pleased to present The Cedar Ridge Y, a fully leased ±29,645 SF multi-tenant retail strip center in Grass Valley, CA. Priced at $2,800,000 ($94.95/SF) with an in-place cap rate of 9.09%, this stabilized investment includes three retail buildings on ±6.49 acres and an adjacent ±4.23-acre Business Park-zoned parcel offering future development potential. The center consists of 13 suites with a diverse mix of restaurant, bar, automotive, and retail tenants. Anchor tenants include Soulful Kitchen (new 5-year lease), Uncle Sonny’s Bar, and Tom’s Car Care. No tenant contributes more than 15% of the total income, providing strong cash flow diversification. Rents average $0.99/SF gross, significantly below market, creating upside through lease-up and repositioning. Several leases are MTM or near-term, offering operational flexibility. Located on State Route 174 with 750+ feet of frontage (AADT: 6,830), the property enjoys excellent visibility and access in a low-vacancy, supply-constrained market. Grass Valley is the commercial center of western Nevada County, serving a regional trade area of 90,000+ residents. This offering combines steady in-place income, value-add potential, and future development upside—a rare opportunity under $100/SF in Northern California.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$94 USD /SF

CAP RATE

9.09%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cedar Ridge Y

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.68 AC

LAND SF

465,221 SF

ZONING

C-1, Ag10, BP

APN/PARCEL ID

012-040-067-000

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.