Nevada County Bank Building

131 Mill Street, Grass Valley, CA 95945

$1,250,000

10,560 SF | Office

Architecturally stunning

Office Property For Sale

Price:
$1,250,000
Building Size:
10,560 SF
Price/SF:
$118.37
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
8.68%
Occupancy:
0%
Building Class:
B
Tenancy:
Multiple
Year Built:
1918
Listing ID
19281446
Last Updated
19 days ago

Find Out More...

Description

Price Reduction!!! 131 Mill Street is an historically significant, impeccably maintained 10,560 square foot, two story office/retail building located at the hard corner of Mill and Bank Streets in the heart of downtown Grass Valley. This is the first time the property has been marketed for sale since the mid-1970s representing an unrivaled opportunity to acquire an irreplaceable, historically significant and highly leaseable asset.

131 Mill Street is perhaps the most impressive and architecturally unique building in all of downtown Grass Valley. The building's facade is original including the stately Ionic columns and domed roof. The interior has been completely remodeled, but many of the original materials were incorporated into the interior millwork and partitions later constructed for private offices.

The property is the only building with Mill Street frontage that has a private parking lot (24 spaces) in the rear of the building.

Wells Fargo Insurance/USI has had a 40 year tenancy at the building, but will be vacating in September, 2015. The lower office space has been rented, so the property will be delivered as a 25% occupied building.

131 Mill Street is located in the historic gold rush town of Grass Valley, California. Grass Valley is situated in between North Lake Tahoe and Sacramento, with excellent access to Highways 49, 20, 174, and Interstate 80. The property is within an hour of downtown Sacramento, Tahoe ski resorts, and only two and a half hours from the Bay Area.

Attachments

Financial Summary

  • Proforma
  • 2015
  • $159,072
  • $146,346
  • $27,751
  • $117,110
Commercial property information by LoopNet

Map of 131 Mill Street, Grass Valley, CA 95945 (Nevada County)

Contact Listing Broker to find out more details.

Presented by

Coldwell Banker Grass Roots Realty

Request additional information

Contact Listing Broker
Tyson Tucker (530) 272-7222
Jon Blinder (530) 272-7222

Tyson's Other Listings

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