107 Bank ST, Grass Valley, CA 95945
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107 Bank ST, Grass Valley, CA 95945
107 Bank ST, Grass Valley, CA 95945
107 Bank ST, Grass Valley, CA 95945
107 Bank ST, Grass Valley, CA 95945
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Brenden Lusk

Brenden Lusk

+1(559) 203-3056
$ 1,100,000
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107 Bank ST Grass Valley, CA 95945

4,356 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID 226047440

HOA Y/N No

Year Built 1922

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type Retail

Source MLS Metrolist

Property Description

107 Bank Street offers a rare opportunity to acquire a 4,247 SF historic retail building in the heart of downtown Grass Valley, 100% occupied by Booktown Books a well-established cooperative of independent booksellers with approximately 20 years of continuous tenancy at this location. A five-year Modified Net Lease executed in January 2025 delivers a 7.16% going-in cap rate with 3% annual rent escalations and a blended 7.43% average cap rate over the initial term; the tenant reimburses property taxes and insurance, and each cooperative member has personally guaranteed the lease, providing uncommon credit strength. Built in 1922, the building features soaring 18-ft ceilings with true-dimension wood trusses, exposed concrete walls, five private offices on a partial second story, and restrooms on each level. Situated on a corner lot with frontage on Bank and Auburn Streets, the property is directly adjacent to Union Square Municipal Parking and steps from the Mill Street Pedestrian Plaza. Zoned Town Core for maximum commercial flexibility, this is a well-located, income-producing asset with strong lease fundamentals and distinctive historic character. APN: 008-372-003-000.

Location

State CA

County Nevada

Area 13105

Direction From 49 S/20 W, exit SR-174 / Colfax, turn right on E Bennett St, left on E Main St, left on St Auburn St, property is on the right after Bank St. From 49 N, exit SR-174 / Colfax, turn left on S Auburn St, property is on the left before Bank St.

Location Details See Remarks

Interior

Heating See Remarks

Cooling See Remarks

Flooring See Remarks

Exterior

Parking Features See Remarks

Utilities Available Sewer Connected

Water Access Desc Public

Roof Type Flat

Topography Level

Road Frontage City Street

Building

Foundation SeeRemarks

Sewer Public Sewer

Water Public

Others

Senior Community No

Tax ID 008-372-003-000

Special Listing Condition None

MetroList® Services, Inc
Listed by Tucker Commercial

NEARBY SCHOOL & BUSINESS

Brenden Lusk

Brenden Lusk

Agent | License ID: 02213914

+1(559) 203-3056

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107 Bank ST