Courtesy of: Lachlan Richards | Highland Commercial, Inc.
Purchase Type: Sale
MLS ID: 20041029
Lot size: 0.78
Property Type: Land
New Construction: No
Swimming Pool: No
School District: Nevada
Utilities: See Remarks
Address: 2391 Nevada City Highway
City: Grass Valley
One of four tentative-map commercial lots ranging in size from .42 to 1.56 acres. These parcels have highly coveted C-2 commercial zoning allowing retail, hotel, mixed-use multi-family, school, offices and more. Tractor Supply Company, the largest rural lifestyle retail chain in the US, is the planned anchor tenant located at the center of this development. The property is situated in the Glenbrook/Brunswick Basin, the busiest retail hub in Nevada County. The Buxton Report on retail potential commissioned by the City identified over $200m in regional retail sales leakage annually to outside areas, making these new lots highly desirable in a severely supply-constrained market. Lots 1 & 2 represent highly coveted retail pad sites positioned in front of the TSC store, which can be combined for a total of 1.3 acres. Lots 4 & 5 could allow for mixed-use development consisting of market-rate multi-family rental or sale housing, and can be combined for a total of 1.57 acres.
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