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15432 Old Washington Road Nevada City, CA ^$ 995,000

15432 Old Washington Road

^$ 995,000

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15432 Old Washington Road

Nevada City, CA, 95959

^$ 995,000

Bedrooms-- Baths-- Sq 8,206

Monthly Estimate*

^$ 6,208

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Commercial Property for sale in Nevada City, CA

for $995,000. This 8,206 square foot building was built in 1865 on a lot size of 0.51.

Historic Gold Rush-era riverfront hotel in Washington, CA, featuring 14 guest rooms, a full-service restaurant/bar, and a 2BD/1BA 2,172 SF apartment. Built in 1865 and renovated in 2017, the 8,206 SF building sits on a 0.51-acre lot with direct access to the South Yuba River, a popular swimming hole. The bar and restaurant generate ~85% of the ~$533K 2024 gross income, supported by a valuable Type 47 liquor license (included, ~$175K value). Pro forma income is ~$555K with market rent on the apartment, yielding ~$88K NOI and an 8.9% cap rate at asking price. Hotel rooms are underutilized (~10% occupancy) vs. comps at ~60%, offering major upside via marketing, OTA exposure, and light upgrades. Two premium rooms with private baths are consistently booked; others offer affordable hostel-style lodging. The third-floor apartment offers owner-user potential or additional income as a long-term or short-term rental. Ideal for SBA financing, this mixed-use property provides strong cash flow, upside, and irreplaceable riverfront appeal. Established in 1849, Washington is a historic Gold Rush town nestled along the South Yuba River in the Sierra Nevada foothills. Known for its scenic beauty & tight-knit community, it attracts campers, hikers, & outdoor enthusiasts. 25 mins from NV

Commercial Active

Price

^$ 995,000

Property Type

Commercial

Taxes

^$ 0

Style

Hotel-Motel

Lot Size

0.51

Year Built

1865

Town/City

Nevada City

County/Region

Nevada

MLS | Web ID

225048181

Features

General

Sewer Septic System

Heating Propane Central Other

Cooling Central See Remarks

Utilities Propane Cable Connected Separate Water Meter

Roof Metal

Construction Materials Wood Masonry

Year Built 1865

Electric 220 Volts Backup Generator

Tenant Pays See Remarks Other

Stories Count 0

Property Subtype Hotel-Motel

Location Other

Business Type Restaurant Other

County Nevada

Property Type CommercialSale

Building Features Patio Front Sign Washer/Dryer Owned Kitchen Facilities Landscaping Living Area in Building See Remarks Other

Close Price 0.0

Status Active

Directions From Downtown Nevada City. Highway 20 East. Left at Washington Road. Go down until you reach the town PIQ will be on the left.

City Nevada City

Zoning Description C1

Number Of Units Total 15

MLS Area 13109

Lot Size Square Feet 22216.0

Structure Type Mixed Use

Standard Status Active

Year Built Source Assessor Auto-Fill

Interior

Flooring Tile Carpet Combo of Materials Vinyl Wood Varies by Unit 0

Office Area 0

Total Stories 0

Exterior

Parking Features Street

Water Source Water District

Total Parking 0.0

Number of Buildings 0

Building Area Total 8206.0

Lot Size Acres 0.51

Frontage Type River

Lot Size Source Assessor Auto-Fill

Parking Ratio 0.0

Internal Only

Street Number 1 15432

* Excluded Features

List By

Coldwell Banker Commercial Grass Roots Realty

Broker

ttucker@cbcommercialgr.com

Affordability Calculator

$6,208

Per Month

Monthly Principal & Interest: $6,208
Monthly Property Taxes: --
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Nevada City, CA

Average List Price ^$1,115,500

Percent of Sale Price 12%

About Nevada City, CA

18,157 Population

9% Since 2002

^$60,289 Median Income

52.82 Median Age

16% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

295416 Elementary School

295437 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/17/2025	$995,000		Listed Price

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15432 Old Washington Road, Nevada City, CA, 95959 is a Commercial Property for sale at $995,000 with 8,206 sqft and a lot size of 0.51. 15432 Old Washington Road was built in 1865. The property's zip code is 95959 which is in Nevada City, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 12/19/2025.

Property information, real estate data and other informational content on this Site is provided in part by the Internet Data Exchange program of MetroList Services, Inc., a California corporation (“MetroList”).

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information.

Data is updated as of 12/19/2025.
CA DRE #02088790
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15432 Old Washington Road

Commercial Property for sale in Nevada City, CA

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