For Sale

New

13451 Colfax Highway, Grass Valley, CA 95945

13451 Colfax Highway, Grass Valley, Nevada, CA, 95945
1 day ago
Views: 7

$2,800,000(Negotiable)

Overview

3498084

Type

Retail

Parking

Build Year

1962

Purpose

For Sale

About This Listing

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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MetroList CA data Last Updated: April 21, 2026, 9:03 pm

Data Source: SACM