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12451 Loma Rica Dr

20,000 SF Industrial Building Grass Valley, CA 95945 $981,667 CAD ($49 CAD/SF)

Investment Highlights

  • Pre-developed 1.6 acre corner parcel for +-20,000 SF industrial building
  • Prime location at main intersection in the Loma Rica Industrial Park
  • Rare opportunity to gain a new facility at a fraction of the time and expense of typical construction
  • Over $500k of existing improvements including foundation, loading dock and in-place utilities
  • Coveted M-1 zoning allowing wide array of uses

Executive Summary

An exciting opportunity for an owner/user or developer to purchase a "pre-developed" 1.6 acre light industrial corner parcel improved with a ready-to-build +-18,400 SF concrete foundation, two-bay dock-high loading dock, +-1200 SF office building shell, 400 Amp 3-phase main panel, 1500gal septic system, asphalt paved driveway and existing mature landscaping, The value of the existing improvements is estimated at over $500,000. A metal high-bay building could be designed to fit on the existing slab and completed in a fraction of the time and cost of ground-up construction.
Grass Valley (or Nevada City) is nestled in the Sierra Nevada foothills only one hour from both Lake Tahoe and Sacramento. The region is located below the snow line and above the fog for the perfect 4-season climate. It lies within 90 minutes of 4 major universities (UC Davis, CS Chico, CS Sacramento & UN Reno) and 2 international airports (Sacramento & Reno).
The subject property is located in the Loma Rica Industrial Park, a 250+ acre light industrial business park adjacent to the Nevada County Airport. The park is a primary employment center for Nevada County with more than 20% of all county manufacturing jobs located in this area. The Nevada County Airport is a base for local, personal and recreational flyers and also serves as a transportation facility for business/corporate aviation and fire-fighting operations.

Property Facts

Price $981,667 CAD
Price Per SF $49 CAD
Sale Type Investment
Sale Conditions Redevelopment Project
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
  • Industrial Manufacturing
  • Industrial Service
Building Class C
Lot Size 1.60 AC
Rentable Building Area 20,000 SF
No. Stories 1
Year Built 1984
Tenancy Single
No. Dock-High Doors/Loading 2

Amenities

  • Yard
  • Fiber Optic Internet

Utilities

  • Sewer - Septic Field

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
006-370-028-000
Land Assessment
$342,516 CAD
Improvements Assessment
$0 CAD
Total Assessment
$342,516 CAD

zoning

Zoning Code M1-SP (Light Industrial)
M1-SP (Light Industrial)
  • Listing ID: 33040596

  • Date on Market: 2024-09-03

  • Last Updated:

  • Address: 12451 Loma Rica Dr, Grass Valley, CA 95945

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