• 633-653 Maltman Dr., Grass Valley, CA 95945

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Property Details

3 Building Retail Complex

Grass Valley is nestled in the Sierra Nevada foothills only one hour from both Lake Tahoe & Sacramento. Located below the snow line & above the fog for the perfect 4-season climate. Within 90 minutes of 4 major universities (UC Davis, CS Chico, CS Sacto & UN Reno) & 2 intl. airports (Sacto & Reno). Nevada County’s economy has effectively transitioned from mining/logging/construction to video tech, digital media & other high-tech industries, balanced by national-caliber arts & entertainment sectors. With superb schools & multiple national awards relating to unbeatable quality of life, the region continues to attract residents & businesses from nearby Sacramento & the SF Bay Area. The property is located in the Brunswick/Glenbrook Basin, the most active commercial hub in the City, situated on both sides of Highway 49 at the Brunswick Road exit adjacent to Nevada City. The area contains 3 anchored centers with tenants including Safeway, SaveMart, Bank of America, RiteAid, Walgreens, Staples, CVS and various national fast food eateries. Numerous arterial roadways lead to and from the area increasing its convenience and popularity. The Maltman Drive corridor is becoming a popular retail destination seeing extensive building renovations, property upgrades and chic new business tenants. Demand for this location bodes well for increasing property and business values. A high-traffic freeway-fronting 3-building retail complex comprising +-8,595 total SF located on two contiguous parcels totaling .78 acres in Grass Valley's busiest retail district. Two of the buildings - a 2-story retail/office/shop building with 3 truck doors totaling +-1800 SF; and a 4-bay storage building of +-2400 SF - are currently leased at a gross rent of +-$45k/yr. Seller occupies the third structure - a 4-bay shop building of +- 4,395 SF with front office/reception, employee lounge, private offices and mezzanine storage. Seller will vacate (and/or sell his business) allowing an owner/user or investor buyer to enjoy an offset to their mortgage payment of +-$3700/mo rent from the two leased buildings. C-2 zoning allows for a wide range of uses such as building/landscaping materials, vehicle/boat/RV sales/rentals, health/recreation facilities, schools, markets, general retail, medical/office use, vet/kennel & more. Parking is plentiful and buildings are spaciously situated on the site allowing for easy maneuvering/circulation.

  • Property Type
    Retail
  • Year Built
    1974
  • Total Building Size
    8,595RSF
  • Total Acres
    0.78
  • Property ID
    2029025