Description
$100K PRICE REDUCTION - SELLER FINANCING AVAILABLE FOR QUALIFIED BUYERS! We are excited to offer you the chance to acquire The Flagg Building, a historically significant and newly renovated retail/hospitality building situated in downtown Nevada City. This is a rare opportunity to own a high-performing with an 8.28% cap rate, historic asset in one of Northern California's most desirable communities. Originally constructed in 1856, The Flagg Building is a three-story, approximately 11,200 square foot building that has been transformed into a premier destination for dining, community gatherings, and hospitality. Over the past five years, the building has undergone meticulous renovations, making it a true centerpiece of the town's historic charm and modern appeal. The property consists of ground floor retail on the Broad St. level, a newly remodeled 9-room boutique hotel on the second floor, and a third floor with major infrastructure improvements in place, but currently in shell condition.
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0BEDS
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0.12ACRES
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0BATHS
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01/2 BATHS
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11,200SQFT
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$299$/SQFT
School Ratings & Info
Description
$100K PRICE REDUCTION - SELLER FINANCING AVAILABLE FOR QUALIFIED BUYERS! We are excited to offer you the chance to acquire The Flagg Building, a historically significant and newly renovated retail/hospitality building situated in downtown Nevada City. This is a rare opportunity to own a high-performing with an 8.28% cap rate, historic asset in one of Northern California's most desirable communities. Originally constructed in 1856, The Flagg Building is a three-story, approximately 11,200 square foot building that has been transformed into a premier destination for dining, community gatherings, and hospitality. Over the past five years, the building has undergone meticulous renovations, making it a true centerpiece of the town's historic charm and modern appeal. The property consists of ground floor retail on the Broad St. level, a newly remodeled 9-room boutique hotel on the second floor, and a third floor with major infrastructure improvements in place, but currently in shell condition.
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