Home | Nevada County | Grass Valley | 95945 | 13451 Colfax Hwy
MLS: ME226049573 | Status: Active | Price: $2,800,000
Beds/Baths: – / –
Property Type: Commercial Sale
| Beds | Baths | Sq Ft | Acres Lot | Yr Built |
|---|---|---|---|---|
| – | – | 40,295 | 10.65 | – |
The Cedar Ridge Y is a fully leased 29,645 SF multi-tenant retail strip center in Grass Valley, CA. Priced at $2,800,000 ($94.95/SF) with an in-place cap rate of 9.09%, this stabilized investment includes three retail buildings on 6.49 acres and an adjacent 4.23-acre Business Park-zoned parcel offering future development potential. The center consists of 13 suites with a diverse mix of restaurant, bar, automotive, and retail tenants. Anchor tenants include Soulful Kitchen (new 5-year lease), Uncle Sonny's Bar, and Tom's Car Care. No tenant contributes more than 15% of the total income, providing strong cash flow diversification. Rents average $0.99/SF gross, significantly below market, creating upside through lease-up and repositioning. Several leases are MTM or near-term, offering operational flexibility. Located on State Route 174 with 750+ feet of frontage (AADT: 6,830), the property enjoys excellent visibility and access in a low-vacancy, supply-constrained market. Grass Valley is the commercial center of western Nevada County, serving a regional trade area of 90,000+ residents. This offering combines steady in-place income, value-add potential, and future development upside, a rare opportunity under $100/SF in Northern California.
| Field | Value |
|---|---|
| MLS # | ME226049573 |
| MLS Source | MetroList Services, Inc. |
| Days on Site | 1 |
| Feature | Details |
|---|---|
| Flooring | Other |
| Cooling | Other |
| Heating | Other |
| Feature | Details |
|---|---|
| Roof | Other |
| Feature | Details |
|---|---|
| Sewer | Septic Tank |
| Water | Public |
| Zoning | AG-10, C1, BP-SP |
| Feature | Details |
|---|---|
| # Buildings / # Units | 3 / 13 |
| Parking Spaces | 0 |
| Present Use | Food Service, Other, Retail |
| Utilities | Propane, Water - Public |
Tyson Tucker
Tucker Commercial
License #: 01804034
Phone: (530) 470-6090
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | – | 13 |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Union Hill Middle | public | 7-8 | 1.54 mi | 7 |
| Silver Springs High (Continuation) School | public | 9-12 | 2.97 mi | 2 |
| Nu Tech High School | public | 9-12 | 2.99 mi | N/A |
| Bell Hill Academy | public | K-4 | 3.29 mi | 7 |
| William & Marian Ghidotti High School | public | 9-12 | 3.35 mi | 10 |
| Early Childhood Education | public | UG | 3.35 mi | N/A |
| Lyman Gilmore Middle School | public | 5-8 | 3.70 mi | 4 |
| Grass Valley Preschool | public | UG | 3.77 mi | N/A |
| North Point Academy | public | 9-12 | 3.86 mi | 7 |
| Nevada Union High School | public | 9-12 | 3.86 mi | 7 |
| Nevada Adult | public | UG | 3.87 mi | N/A |
| Margaret G. Scotten Elementary School | public | K-4 | 3.93 mi | 3 |
| Deer Creek Elementary School | public | K-3 | 3.93 mi | 6 |
| Earle Jamieson Educational Options | public | 7-12 | 4.00 mi | N/A |
| Chicago Park Elementary School | public | K-8 | 4.01 mi | 7 |
| Nevada County Special Education School | public | K-8 | 4.02 mi | N/A |
| Seven Hills Intermediate School | public | 4-8 | 4.17 mi | 7 |
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This listing information is up-to-date as of April 21, 2026. For the most current information, please contact Tyson Tucker, (530) 470-6090.