816 W Main St | Grass Valley, CA 95945
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- LoopNet Team
816 W Main St
Grass Valley, CA 95945
Sierra Mountain Inn · Hospitality Property For Sale
·
5,600 SF
INVESTMENT HIGHLIGHTS
- Strong Returns | 8.17% cap rate with current management, increasing to 10.77% if self-managed.
- Prime Location | Just 0.25 miles from historic downtown Grass Valley and the revitalized Mill Street Plaza.
- Operational Upside | Experienced onsite team in place, with potential for increased NOI through owner-occupancy and self-management.
- Future Growth | Two double rooms can be converted to singles, expanding the room count to 15 keys.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built | 1940 |
| Building Class | C | Parking Ratio | 2.2/1,000 SF |
| Lot Size | 0.42 AC | Corridor | Exterior |
| Building Size | 5,600 SF | ||
| Zoning | C2 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 5,600 SF |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 2.2/1,000 SF |
| Corridor | Exterior |
| Zoning | C2 |
PROPERTY TAXES
| Parcel Number | 008-300-058-000 | Improvements Assessment | $1,050,417 |
| Land Assessment | $406,201 | Total Assessment | $1,456,618 |
PROPERTY TAXES
Parcel Number
008-300-058-000
Land Assessment
$406,201
Improvements Assessment
$1,050,417
Total Assessment
$1,456,618
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