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523 sacramento Street $1,260,000

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    523 sacramento Street Nevada City, CA 95959

    Pending Sale

    $1,260,000

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    • Commercial
    • MLS# 19062412
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    Property Details

    Rare opportunity to own & operate an enchanting 9-unit motor court bed and breakfast situated on a 1-acre in-town parcel in Nevada City, rated by Sunset Magazine as the # 1 Best Value Town in the Western US. First time on the market in over 10 years, the property consists of 10 separate buildings incl. nine 1-bdrm & studio cottages, a gorgeous 2bd/2ba innkeeper/owner's unit, 7 carport garages, laundry & circular drive surrounding a lovely courtyard. In continuous operation, well maintained, & regularly upgraded by Seller for over 10 years, Piety Hill has earned an Excellent (4.5) rating from Trip Advisor. Huge upside potential by way of add'l land for developing more units, further remodeling/upgrading, & possible conversion to apartments/condos. Unbeatable location within walking distance to both Downtown and the fashionable 7-Hills Business District. This offering is turnkey including FF&E, operating software, mailing lists and goodwill.

    • General Features
      • Lease Terms Other-Rmks
      • Other Expenses Other-Rmks
      • Year Built 1933
      • County SL-Service Lodging
    • Building Features
      • Air Conditioning Other-Rmks
      • Heat Other-Rmks
      • Amenities Other-Rmks
      • Construction Other-Rmks
      • Door None
      • Miscellaneous Other-Rmks
      • Loading Other-Rmks
      • Roof Description Other-Rmks
      • Floor Other-Rmks
      • Exterior Other-Rmks
    • Property Features
      • Location Other-Rmks
      • Parking Carport, 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.

    Property History

    Date Event Price Percent Change
    -- Current Price Source New Value: $1,260,000
    9/11/2019 8:44:33 PM Status Changed Source New Value: Pending Sale
    9/3/2019 3:45:00 PM New in Database Source

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    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 1/22/2020 7:48:55 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