13451 Colfax Highway Grass Valley, CA $ 2,800,000
13451 Colfax Highway
$ 2,800,000
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13451 Colfax Highway

Grass Valley, CA, 95945
$ 2,800,000
Bedrooms-- Baths-- Sq 40,295

Monthly Estimate*

$ 17,240

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Commercial Property for sale in Grass Valley, CA

for $2,800,000. This 40,295 square foot building was built in 1962 on a lot size of 10.65.

The Cedar Ridge Y is a fully leased 29,645 SF multi-tenant retail strip center in Grass Valley, CA. Priced at $2,800,000 ($94.95/SF) with an in-place cap rate of 9.09%, this stabilized investment includes three retail buildings on 6.49 acres and an adjacent 4.23-acre Business Park-zoned parcel offering future development potential. The center consists of 13 suites with a diverse mix of restaurant, bar, automotive, and retail tenants. Anchor tenants include Soulful Kitchen (new 5-year lease), Uncle Sonny's Bar, and Tom's Car Care. No tenant contributes more than 15% of the total income, providing strong cash flow diversification. Rents average $0.99/SF gross, significantly below market, creating upside through lease-up and repositioning. Several leases are MTM or near-term, offering operational flexibility. Located on State Route 174 with 750+ feet of frontage (AADT: 6,830), the property enjoys excellent visibility and access in a low-vacancy, supply-constrained market. Grass Valley is the commercial center of western Nevada County, serving a regional trade area of 90,000+ residents. This offering combines steady in-place income, value-add potential, and future development upside, a rare opportunity under $100/SF in Northern California.

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Commercial Active

Price

$ 2,800,000

Property Type

Commercial

Taxes

$ 0

Style

Retail

Lot Size

10.65

Year Built

1962

Town/City

Grass Valley

County/Region

Nevada

MLS | Web ID

226049573

Features
General
Sewer Septic System
Heating See Remarks
Cooling See Remarks
Utilities Propane
Roof See Remarks
Construction Materials See Remarks
Year Built 1962
Electric Separate Electric Meter
Tenant Pays See Remarks
Stories Count 0
Property Subtype Retail
Current Use Restaurant Retail Varies by Unit
Location See Remarks
Business Type Auto Service Bar/Tavern/Lounge Commercial Restaurant
Building Name The Cedar Ridge Y
County Nevada
Property Type Commercial Sale
Building Features See Remarks
Close Price 0.0
Status Active
Directions From State Hwy 49 S/20 W exit Brunswick Rd and turn left merge onto Colfax Hwy turn right on Via Borgins. From State Hwy 49 N exit SR-174 / Colfax turn right on Colfax Ave continue onto Colfax Hwy tu
City Grass Valley
Zoning Description AG-10 C1 BP-SP
Number Of Units Total 13
MLS Area 13104
Lot Size Square Feet 463914.0
Structure Type Strip Center
Standard Status Active
Year Built Source Assessor Agent-Fill
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Interior
Flooring See Remarks 0
Office Area 0
Total Stories 0
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Exterior
Parking Features See Remarks
Water Source Public
Total Parking 0.0
Number of Buildings 3
Building Area Total 40295.0
Lot Size Acres 10.65
Lot Size Source Not Verified
Parking Ratio 0.0
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Internal Only
Street Number 1 13451
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* Excluded Features
List By
Tucker Commercial

Broker

tyson@tjtcre.com

Email

Affordability Calculator

$17,240
Per Month
100%
0%
0%
Monthly Principal & Interest
$17,240
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
295416 Elementary School
295437 Middle School
Unknown High School High School
Pricing History
Date Price Price Change Description
4/21/2026 $2,800,000 Listed Price

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13451 Colfax Highway, Grass Valley, CA, 95945 is a Commercial Property for sale at $2,800,000 with 40,295 sqft and a lot size of 10.65. 13451 Colfax Highway was built in 1962. The property's zip code is 95945 which is in Grass Valley, CA