870 Gold Flat Rd Local d'activités 2 702 m² 55 % Loué À vendre Nevada City, CA 95959 2 523 048 € (933,64 €/m²)

Coldwell Banker Commercial Grass Roots Realty, as exclusive advisor, is pleased to present the opportunity to acquire 870 Gold Flat Rd, a premier 29,088 SF multi-tenant R&D and office/industrial asset located on 6.38 acres in Nevada City, CA. Currently 55% occupied, the property generates a stable monthly income of approximately $16,000. Offered at $2,850,000 ($97.97/SF), the property is available at a significant discount to its replacement cost, providing substantial upside and flexibility for both owner-users and investors.
Approximately 13,000 SF of high-quality office space is immediately available, representing an ideal scenario for an owner-user to occupy turnkey office space while significantly offsetting occupancy costs through existing rental income. Alternatively, the asset offers investors an attractive value-add opportunity, featuring immediate income potential from leasing the vacant units, additional developable land, and a highly competitive cost basis below $100/SF. Upon stabilization at market rents, the property yields an attractive approximate cap rate of 9.0%.
Built in 1985 with stick-frame construction, 870 Gold Flat consists of four distinct units: two upper-level office/R&D suites (approximately 8,000 and 5,000 SF) and two lower-level 8,000 SF R&D suites, one featuring approximately 2,500 SF of high bay warehouse space. Office interiors include vaulted ceilings, spacious open work areas, private perimeter offices, and a full cafeteria with a commercial-grade kitchen. Additional property highlights include excellent circulation with full vehicular access around the entire building, a high-capacity owned solar system, a backup generator serving Building One, ample power, and abundant parking. The low site coverage, represented by a Floor Area Ratio (FAR) of 0.19 based on roughly 3.5 usable acres, allows for future development. The building is served by three roll-up doors: each building has dock access via roll-up doors, with Building One featuring an additional front-loading roll-up door.
The existing tenancy includes Mini Mania, a leading provider of OEM and aftermarket parts for MINI vehicles, occupying 8,000 SF on a month-to-month basis, with occupancy exceeding 15 years. Ensemble Legacy, specializing in semiconductor products for digital video routing applications, occupies the adjacent 8,000 SF R&D/manufacturing unit and has maintained tenancy for approximately 20 years. Ensemble Legacy, along with its predecessor Ensemble Designs, has made substantial capital investments in specialized improvements and permanently installed, custom machinery, demonstrating a strong commitment to the site.
Located just two minutes from the Gold Flat exit and within walking distance of the amenities of historic downtown Nevada City—including hiking trails, restaurants, bars, art galleries, and theaters—870 Gold Flat Rd represents a rare combination of location, quality construction, long-standing tenants with stable income, and immediate value-add potential via leasing up the vacant spaces, making it an exceptional investment or owner-user opportunity in a sought-after Northern California market.
About Nevada City:
Nevada City is a picturesque historic town nestled in the Sierra Nevada foothills, celebrated for its rich Gold Rush history and beautifully preserved Victorian architecture. Known for its vibrant arts community, Nevada City boasts charming boutiques, galleries, restaurants, and theaters. Its proximity to major metro areas makes it an attractive destination for visitors from Sacramento, Reno, and the San Francisco Bay Area.
Distances to Major Metro Areas:
• Sacramento, CA: 60 miles (approximately 1 hour)
• Lake Tahoe, CA: 70 miles (approximately 1.5 hours)
• San Francisco, CA: 145 miles (approximately 2.5 hours)
• Reno, NV: 85 miles (approximately 1.5 hours)
• San Jose, CA: 175 miles (approximately 3 hours)
A Historic and Cultural Destination: Nevada City is renowned for its well-preserved historical charm, offering residents and visitors a glimpse into California’s rich mining past. The town hosts numerous annual events, including the Victorian Christmas celebration and the Nevada City Film Festival, attracting cultural enthusiasts year-round.
A Legacy in Video Technology: Nevada City holds a distinguished legacy as a hub for the video technology industry. The Grass Valley Group, a pioneering company in broadcast video equipment, was founded and headquartered in Nevada City beginning in the 1950s. The innovative spirit and engineering talent cultivated by Grass Valley Group significantly influenced the global video technology sector, resulting in numerous local startups serving the industry. Ensemble Legacy, currently a tenant at 870 Gold Flat, is a direct descendant of this historic lineage. Nevada City's legacy in video technology continues to attract skilled professionals and tech talent, fostering a thriving employment base and reinforcing the community’s reputation for innovation.
Outdoor Recreation Hub: Surrounded by breathtaking natural beauty, Nevada City serves as an ideal base for outdoor activities, including hiking, mountain biking, and river recreation. The nearby Yuba River, known for its pristine waters and stunning scenery, offers excellent opportunities for swimming, fishing, and kayaking.
Arts, Entertainment, and Community: Nevada City thrives as an artistic and cultural center, featuring live music venues, theatrical performances, and a thriving local art scene. The vibrant community atmosphere and picturesque downtown setting continue to attract residents and visitors, fostering a unique and dynamic lifestyle.