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Emil Soleyman

emil@emilres.com +1(209) 500-8589

$3,350,000

Est. payment - /mo

5,227 Sqft Lot

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 224116836

HOA Y/N No

Originating Board MLS Metrolist

Year Built 1856

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Mixed Use

Property Description

$100K PRICE REDUCTION - SELLER FINANCING AVAILABLE FOR QUALIFIED BUYERS! We are excited to offer you the chance to acquire The Flagg Building, a historically significant and newly renovated retail/hospitality building situated in downtown Nevada City. This is a rare opportunity to own a high-performing with an 8.28% cap rate, historic asset in one of Northern California's most desirable communities. Originally constructed in 1856, The Flagg Building is a three-story, approximately 11,200 square foot building that has been transformed into a premier destination for dining, community gatherings, and hospitality. Over the past five years, the building has undergone meticulous renovations, making it a true centerpiece of the town's historic charm and modern appeal. The property consists of ground floor retail on the Broad St. level, a newly remodeled 9-room boutique hotel on the second floor, and a third floor with major infrastructure improvements in place, but currently in shell condition.

Location

State CA

County Nevada

Area 13106

Direction South Pine Street to Broad Street

Location Details Downtown,Freeway Nearby,Restaurant Nearby,Hotel/Motel Nearby

Interior

Heating Central, MultiUnits, MultiZone

Cooling Central, MultiUnits, MultiZone

Flooring Tile, Carpet, Wood

Exterior

Parking Features Street

Utilities Available Separate Gas Meter, Telephone, Underground Utilities

Water Access Desc Water District,Public

Roof Type Composition

Topography Level

Building

Sewer Public Sewer

Water Water District, Public

Others

Senior Community No

Tax ID 005-399-009

Special Listing Condition None

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Listed by Coldwell Banker Commercial Grass Roots Realty

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Emil Soleyman

+1(209) 500-8589

Broker | CA DRE#01496074

Broker CA DRE#01496074

233 Broad ST Nevada City, CA 95959

Emil Soleyman

Key Details

Location

Interior

Exterior

Building

Others

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