The Alpha Building | 204 W Main St
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The Alpha Building 204 W Main St
12,987 SF 91% Leased Retail Building Grass Valley, CA 95945 $1,446,952 CAD ($111 CAD/SF) 8.11% Cap Rate
Executive Summary
This 18-unit historic commercial building has been completely remodeled and upgraded. Known as the Alpha Building, it is within the heart of Historic Downtown Grass Valley, (just a few feet from the intersection of Mill Street and West Main Street). Many spaces have beautiful rock walls, windows and high ceilings. A conference room (Suite 114) is provided for shared use by the tenants . A parking lot is included behind the building, and there is plenty of nearby public parking on Richardson Street. One space is a restaurant (Taste of Thai). Most spaces are offices, but some may also be suitable for some types of retail uses. Also included is the "Alpha Warehouse" which is a separate floor accessed from Richardson Street. The building has fire sprinklers throughout.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,987 SF
Building Class
C
Year Built/Renovated
1895/2005
Price
$1,446,952 CAD
Price Per SF
$111 CAD
Cap Rate
8.11%
NOI
$117,391 CAD
Percent Leased
91%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.83
Lot Size
0.36 AC
Zoning
C
Amenities
- Restaurant
- Tenant Controlled HVAC
- Air Conditioning
Walk Score®
Walker's Paradise (92)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 008-342-002-000 | Improvements Assessment | $1,471,464 CAD |
| Land Assessment | $758,022 CAD | Total Assessment | $2,229,486 CAD |
PROPERTY TAXES
Parcel Number
008-342-002-000
Land Assessment
$758,022 CAD
Improvements Assessment
$1,471,464 CAD
Total Assessment
$2,229,486 CAD
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The Alpha Building | 204 W Main St
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