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 £781,668 (£60/SF) 8.11% Net Initial Yield
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
£781,668
Price Per SF
£60
Net Initial Yield
8.11%
NOI
£63,417
Percent Leased
91%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.83
Land Acres
0.36 AC
Zoning
C
Amenities
- Restaurant
- Tenant Controlled HVAC
- Air Conditioning
Walk Score ®
Walker's Paradise (92)
PROPERTY TAXES
Parcel Number | 008-342-002-000 | Improvements Assessment | £779,323 |
Land Assessment | £401,467 | Total Assessment | £1,180,791 |
PROPERTY TAXES
Parcel Number
008-342-002-000
Land Assessment
£401,467
Improvements Assessment
£779,323
Total Assessment
£1,180,791
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The Alpha Building | 204 W Main St
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