114 Argall WAY new Save Request In-Person Tour Request Virtual Tour
Nevada City,CA 95959
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 225139295
HOA Y/N No
Year Built 1977
Lot Size 0.560 Acres
Acres 0.56
Property Sub-Type Retail
Source MLS Metrolist
Property Description
For Sale Multi-Tenant Retail Investment - Nevada City, CA Pride of ownership is evident in this well-maintained, single-owner retail property located in the desirable 7 Hills Business District of Nevada City. Built in 1977 by the current owner, this six-unit neighborhood center has enjoyed consistent occupancy and strong tenant retention. The property features a diverse and complementary tenant mix, including a laundromat, dog groomer, hair salon, home dcor and design store, bulk refill shop, and trophy business all operating at market rent with solid tenancy and history. Each suite offers its own restroom, HVAC system, and dual access points, providing both functionality and convenience for tenants and customers alike. Recent improvements include a full exterior repaint, and the site offers ample on-site parking on a 0.56 acre parcel. The center benefits from excellent visibility and foot traffic, with direct access to SPD Market, restaurants, and surrounding retail and service businesses. This offering represents a rare opportunity to acquire a stable, income-producing asset in a sought-after Nevada City location. The property delivers approximately $77,000 in Net Operating Income (NOI), reflecting a 6.95% cap rate at the asking price.
Location
State CA
County Nevada
Area 13106
Direction Hwy 49 to Gold Flat Rd to Zion to Argall to PIQ
Location Details Neighborhood,Business Park,Freeway Nearby,Restaurant Nearby,Shopping Nearby,Hotel/Motel Nearby,Strip Center
Interior
Heating Central
Cooling Central
Flooring Concrete,Wood
Exterior
Parking Features Common Area Shared,Exclusive
Utilities Available Sewer Connected,Cable Connected,Internet Available,Natural Gas Connected
Water Access Desc Public
Roof Type Composition
Topography Level,Lot Sloped
Road Frontage City Street
Building
Lot Description Curbs/Gutters,Sidewalk
Story 1
Foundation Concrete
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 005-270-029-000
Special Listing Condition Trust