Nevada City Homes with Mixed Use Property Subtype

Welcome to Nevada City, California – a charming gem nestled in the Sierra Nevada foothills. Known for its rich history and vibrant arts scene, this picturesque town offers a unique blend of natural beauty and cultural experiences. As you stroll through its historic streets, you’ll be captivated by its well-preserved Gold Rush-era architecture, eclectic shops, and inviting cafes. With a backdrop of stunning mountains and lush forests, Nevada City is not only a haven for outdoor enthusiasts but also a thriving community that celebrates creativity and innovation.

One of the most exciting aspects of real estate in Nevada City is the availability of homes with mixed-use property subtypes. These unique properties present an incredible opportunity for those looking to blend residential living with commercial potential. Imagine living just steps away from your own boutique, art studio, or café, all while enjoying the vibrant atmosphere of this artistic town. Mixed-use properties cater to a diverse lifestyle, allowing you to work, live, and play in one of California’s most enchanting locales.

Whether you’re an entrepreneur seeking to establish a business or a family looking for a home that offers both comfort and convenience, Nevada City’s mixed-use properties provide the perfect canvas for your dreams. With its welcoming community, stunning landscapes, and endless opportunities, Nevada City invites you to explore the possibilities of a life well-lived. Come discover your next home in this beautiful town where history meets modernity, and every day feels like an adventure!

Newest Nevada City Homes with Mixed Use Property Subtype

$1,100,000

226097669 MLS

Position your business for success at 440 Lower Grass Valley Road, an exceptional freestanding commercial property located within the highly desirable Highway 49 commercial corridor in Nevada City, California. Situated on 1.5 acres, this professionally renovated commercial property offers 3,840 square feet of flexible office space designed to accommodate a wide range of professional, medical, research, technology, service, and commercial users. The expansive parcel provides abundant parking, excellent circulation, and significant future expansion potential for additional commercial improvements or outdoor business operations, subject to local approvals. Whether you're seeking an owner-user headquarters, regional office, medical facility, technology campus, or investment opportunity, this property delivers a rare combination of functionality, flexibility, and long-term growth potential in one of Nevada County's premier commercial locations. Designed to support a wide variety of business operations, the property features a thoughtfully designed floor plan with a reception area, conference room, private offices, collaborative workspace, warehouse with roll-up door access, lower-level storage, and two ADA-accessible restrooms. Renovations have enhanced the property's functionality while preserving its distinctive mountain-inspired architecture, creating a professional environment that is both inviting and efficient. Surrounded by mature pines and established landscaping, the setting offers a combination of privacy, natural beauty, and convenience that is rarely found in commercial real estate, providing an exceptional environment for employees, clients, and visitors alike. The 1.5-acre site provides exceptional flexibility for future growth and long-term value. Subject to applicable approvals, the expansive parcel offers the potential for additional commercial improvements, expanded parking, outdoor storage, or other site enhancements to accommodate evolving business needs. This rare combination of existing functionality and future development potential provides owners with the opportunity to grow alongside their business while maximizing the property's long-term utility and investment value. INVESTMENT HIGHLIGHTS 3,840 SF Freestanding Professional Office Building on 1.50 Acre Commercial Parcel Reception Area, Conference Room & Multiple Private Offices Warehouse/Storage Area with Roll-Up Door, Two ADA-Accessible Restrooms, Security System.

440 Lower Grass Valley Road, Nevada City

Listing courtesy of Century 21 Select Real Estate, Inc..

$299,000

226072302 MLS

Discover a one-of-a-kind warehouse building with a fascinating history, located just minutes from the heart of Nevada City. Originally built as a firehouse for the Nevada County Consolidated Fire Department, this versatile approximately 1,700 sq. ft. structure offers endless possibilities for its next chapter. The building is equipped with 200-amp electrical service, an existing septic system, water storage tank, chain-driven oversized garage doors, and plumbing hookups for a half bath. Whether you're seeking a workshop, storage facility, industrial space, or exploring the potential for a future residential conversion (buyer to verify with applicable agencies), this property provides a solid foundation for your vision. Enjoy the perfect balance of privacy and convenience, with downtown Nevada City's restaurants, shops, and events just minutes away. Outdoor enthusiasts will appreciate being only 10 minutes from the crystal-clear waters and recreation opportunities of Edwards Crossing on the South Yuba River. Bring your imagination and transform this unique property into something truly specialwithout the expense and effort of starting from the ground up.

14700 N Bloomfield Road, Nevada City

Listing courtesy of RE/MAX Gold.

$3,100,000

226049980 MLS

100 Union St is a 10,630 SF mixed-use asset situated in the heart of historic downtown Nevada City, California. The property is 100% occupied, generating in-place net operating income of $172,134 at a 5.53% going-in capitalization rate, with a projected 6.01% Year 1 cap as contractual rent increases take effect and near-term leases roll to market. Built in 2008, 100 Union St is the newest building in a downtown whose architectural fabric dates to the California Gold Rush. It blends seamlessly into the Victorian streetscape while delivering a level of functionality that no comparable building in the submarket can replicate: proper storefront depths, modern mechanical systems, a passenger elevator, and secured subgrade parking for seven vehicles. Downtown Nevada City has zero remaining developable land. This asset is effectively irreplaceable. The ground floor is anchored by two established, high-traffic restaurant operators: Nourish, a popular sushi restaurant, and Taqueria Taco Loco, a popular taqueria, both featuring outdoor dining in addition to interior seating, activating the streetscape and driving consistent foot traffic to the property. The full rent roll comprises nine tenants across three income streams: three ground-floor retail suites, four professional office suites ranging from 779 to 1,873 SF, and two one-bedroom residential apartments. No single tenant exceeds 18.3% of NRA. In-place rents of $2.10/SF/Mo sit approximately 13% below the weighted average market rent of $2.42/SF/Mo, and a WALT of 1.81 years positions a new owner for near-term mark-to-market across the majority of the rent roll. The property features extremely strong contractual rent growth, as an example, American Rivers (Suite 116, 1,873 SF, and the property's largest tenant) carries a 46.5% aggregate rent increase through October 2028, and portfolio-wide NOI is projected to grow 21.8% from Year 0 to Year 3 through escalations and near-term rollover repricing to market. 100 Union St represents a generational opportunity to acquire a trophy asset in the heart of one of California's most celebrated historic downtowns, with strong in-place income and a clear path for sustained NOI growth and value creation.

100 Union Street, Nevada City

Listing courtesy of Tucker Commercial.

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