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523 Sacramento Street $1,260,000

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    523 Sacramento Street Nevada City, CA 95959

    Contingent

    $1,260,000

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    • Commercial
    • MLS# 19062412
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    Views: 3

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    Property Details

    Rare opportunity to own and operate an enchanting 9-unit motor court bed and breakfast situated on a large 1-acre in-town parcel in Nevada City, rated by Sunset Magazine as the number one Best Value Town in the Western US. The property consists of 10 separate buildings containing nine 1-bdrm & studio cottages, a gorgeous 2bd/2ba innkeeper/owner's unit, 7 carport garages, laundry and circular drive surrounding a delightful courtyard. Piety Hill has earned an Excellent (4.5) rating from Trip Advisor. Huge upside potential by way of excess land area for developing more units and/or repurposing the entire property into apartments, condos or affordable housing. Unbeatable location within easy walking distance to both Downtown and the fashionable 7-Hills Business District. This offering is turnkey including FF&E, operating software, etc. SALE PENDING, BUT SELLER MAY ACCEPT BACKUP OFFER SUBJECT TO 2-DAY 'FIRST RIGHT OF REFUSAL' BY EXISTING BUYER.

    • General Features
      • Lease Terms Other-Rmks
      • Other Expenses Other-Rmks
      • Year Built 1933
      • County SL-Service Lodging
    • Building Features
      • Air Conditioning Central, Refrig Wall Units, Window
      • Heat Central, Electric, Furnace Wall, Natural Gas
      • Amenities 1 Restroom Per Unit, Extra Storage, Patio, Some Furnished Units, Washer/Dryer Owned
      • Construction Frame
      • Door None
      • Miscellaneous Other-Rmks
      • Loading Other-Rmks
      • Roof Description Comp Shingle
      • Floor Carpet Wall to Wall, Combo of Materials, Wood, Wood Sub-Floor
      • Exterior Wood
    • Property Features
      • Location Public Trans Nearby, Restaurant Nearby, Shopping Cntr Nearby
      • Parking Carport, Open, Street, Other-Rmks

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    Neighborhood

    95959 (Nevada City) Demographics

    53 Median Age
    71 Population Density (per sq. mile)
    52% College Educated
    $59,446 Estimated Median Income
    5,484 Estimated Total Home Owners
    1,703 Estimated Total Renters
    76% / 24% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    17,534 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    58 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,260,000
        5/8/2020 7:44:47 PM Status Changed Source New Value: Contingent
        9/3/2019 3:45:00 PM New in Database Source

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        *This Payment Calculator is intended for educational and planning purposes only.
        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of METROLIST SERVICES, INC. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information last updated 5/30/2020 10:19:13 PM. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Terms of Use

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.