816 W Main St - Hospitality FOR SALE


Grass Valley, CA 95945
$1,850,000 USD
530-272-7222
816 W Main St, Grass Valley, CA for Sale
$1,850,000 USD
Hospitality - FOR SALE
1/61
null | 8.17% Cap Rate

816 W Main St
Grass Valley, CA 95945


HIGHLIGHTS

  • Strong Returns | 8.17% cap rate with current management, increasing to 10.77% if self-managed.
  • Operational Upside | Experienced onsite team in place, with potential for increased NOI through owner-occupancy and self-management.
  • Prime Location | Just 0.25 miles from historic downtown Grass Valley and the revitalized Mill Street Plaza.
  • Future Growth | Two double rooms can be converted to singles, expanding the room count to 15 keys.

OVERVIEW

Coldwell Banker Commercial G.R. is the exclusive advisor of The Sierra Mountain Inn, a 13-room boutique inn located just a short walk from historic downtown Grass Valley, a popular getaway for Bay Area and Northern California travelers. Priced at $1,850,000 ($142,308/key), the property generates approximately $420,000 in annual revenue with an ADR of ~$145 and 55% occupancy. 2025 NOI is projected at $151,200 (8.17% return) with existing management, or $199,200 (10.77% return) if self-managed. The Inn features 12 guest rooms and one standalone cottage on 0.428 acres, with eight units equipped with kitchenettes. The cottage offers a full kitchen, living room, and bedroom, ideal for extended stays. A manager’s unit with full kitchen and living area connects to the office, providing additional flexibility. Additionally, two double rooms can be converted to singles, expanding the room count to 15 keys. Originally built in 1940 and fully remodeled in 2004, the property has been consistently updated with modern systems and furnishings. Current ownership operates passively with a seasoned onsite team willing to remain, ensuring a smooth transition. The property enjoys a strong reputation, with a 9.2/10 “Wonderful” rating on Expedia, stable in-place income, and clear upside potential through self-management and revenue optimization. Its combination of location, character, and performance makes it a compelling opportunity for investors or hands-on owner-operators.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$330 USD /SF

# OF ROOMS

13

PRICE/ROOM

$142,308 {currency}

CAP RATE

8.17%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sierra Mountain Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1940

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

C2

APN/PARCEL ID

008-300-058-000

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.