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246 S Church St 5,464 SF Specialty Building Offered at $695,000 in Grass Valley, CA 95945
Investment Highlights
- Within Walking distance of Mill St/Downtown Grass Valley
- Very Attractive opportunity to develop the property into a Residential Multi family use.
- Turn Key for a congregation needing a building
Executive Summary
246 South Church Street is a 5,464 square foot mixed-use building located within the downtown Grass Valley core, approximately three blocks from the Mill Street Plaza. The property has most recently been used as a church and benefits from an in-place Conditional Use Permit (CUP) allowing church / assembly use, providing an established land use entitlement.
The building consists of 3,912 square feet on the main level and 1,551 square feet on the upper level. The property has been well maintained and features a flexible floorplate that supports a variety of adaptive reuse strategies.
The site is zoned NC-Flex, permitting a broad range of commercial and residential uses. In combination with the existing CUP, the property offers meaningful flexibility for continued assembly use or conversion to alternative uses within the downtown core.
Preliminary conceptual plans have been prepared illustrating a potential three-unit multifamily configuration, including:
One (1) one-bedroom / one-bath unit totaling approximately 1,765 SF
One (1) three-bedroom / two-bath unit totaling approximately 2,500 SF
One (1) three-bedroom / one-bath unit totaling approximately 1,590 SF
The conceptual design includes on-site parking and a large private rooftop deck for one unit, enhancing residential appeal and long-term marketability.
The property is being offered at $695,000, equating to approximately $127 per square foot, representing an attractive cost basis that supports redevelopment and value creation. The combination of NC-Flex zoning, an in-place Conditional Use Permit, and a competitive cost basis positions the property to accommodate a range of ownership strategies, including multifamily housing, mixed-use redevelopment, or continued use as a church or assembly facility, within the downtown Grass Valley core.
The building consists of 3,912 square feet on the main level and 1,551 square feet on the upper level. The property has been well maintained and features a flexible floorplate that supports a variety of adaptive reuse strategies.
The site is zoned NC-Flex, permitting a broad range of commercial and residential uses. In combination with the existing CUP, the property offers meaningful flexibility for continued assembly use or conversion to alternative uses within the downtown core.
Preliminary conceptual plans have been prepared illustrating a potential three-unit multifamily configuration, including:
One (1) one-bedroom / one-bath unit totaling approximately 1,765 SF
One (1) three-bedroom / two-bath unit totaling approximately 2,500 SF
One (1) three-bedroom / one-bath unit totaling approximately 1,590 SF
The conceptual design includes on-site parking and a large private rooftop deck for one unit, enhancing residential appeal and long-term marketability.
The property is being offered at $695,000, equating to approximately $127 per square foot, representing an attractive cost basis that supports redevelopment and value creation. The combination of NC-Flex zoning, an in-place Conditional Use Permit, and a competitive cost basis positions the property to accommodate a range of ownership strategies, including multifamily housing, mixed-use redevelopment, or continued use as a church or assembly facility, within the downtown Grass Valley core.
Property Facts
| Price | $695,000 | Building Class | B |
| Price Per SF | $127.20 | Lot Size | 0.25 AC |
| Sale Type | Investment or Owner User | Building Size | 5,464 SF |
| Sale Condition | Redevelopment Project | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1900 |
| Zoning | NC Flex - NC Flex-The site is zoned NC-Flex, permitting a broad range of commercial and residential uses. | ||
| Price | $695,000 |
| Price Per SF | $127.20 |
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Building Class | B |
| Lot Size | 0.25 AC |
| Building Size | 5,464 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Zoning | NC Flex - NC Flex-The site is zoned NC-Flex, permitting a broad range of commercial and residential uses. |
Walk Score®
Walker's Paradise (94)
Property Taxes
| Parcel Number | 008-364-011-000 | Improvements Assessment | $418,662 |
| Land Assessment | $117,523 | Total Assessment | $536,185 |
Property Taxes
Parcel Number
008-364-011-000
Land Assessment
$117,523
Improvements Assessment
$418,662
Total Assessment
$536,185
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