Off Market

107 Bank Street, Grass Valley, CA 95945

107 Bank Street, Grass Valley, Nevada, CA, 95945
3 weeks ago
Views: 12

$1,100,000(Negotiable)

Overview

3497608

Type

Retail

Parking

Build Year

1922

Purpose

For Sale

Lot Size

0.1 acres

About This Listing

107 Bank Street offers a rare opportunity to acquire a 4,247 SF historic retail building in the heart of downtown Grass Valley, 100% occupied by Booktown Books a well-established cooperative of independent booksellers with approximately 20 years of continuous tenancy at this location. A five-year Modified Net Lease executed in January 2025 delivers a 7.16% going-in cap rate with 3% annual rent escalations and a blended 7.43% average cap rate over the initial term; the tenant reimburses property taxes and insurance, and each cooperative member has personally guaranteed the lease, providing uncommon credit strength. Built in 1922, the building features soaring 18-ft ceilings with true-dimension wood trusses, exposed concrete walls, five private offices on a partial second story, and restrooms on each level. Situated on a corner lot with frontage on Bank and Auburn Streets, the property is directly adjacent to Union Square Municipal Parking and steps from the Mill Street Pedestrian Plaza. Zoned Town Core for maximum commercial flexibility, this is a well-located, income-producing asset with strong lease fundamentals and distinctive historic character. APN: 008-372-003-000.

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MetroList CA data Last Updated: August 1, 2026, 11:00 am

Data Source: SACM