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$3,350,000 -$100,000 (-2.9%) Price Reduced

  • For Sale
  • Active
  • Commercial Service
  • 11,200 Sq. Ft.
  • 0.12 Acres
  • Updated 2 hours ago
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$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.

Full Property Details for 233 Broad St

General

  • Price: $3,350,000
  • Status: Active
  • Type: Commercial Service
  • Source: METROLIST_Cali
  • MLS ID: 224116836
  • Updated: 1/22/2025
  • Added to Site: 97 day(s) ago

Business

  • Business Type: Bakery, Restaurant, Other

Interior

  • Flooring: Tile, Carpet, Wood

Additional Information

  • Other Features: 1 Restroom Per Unit, 12 to 18 Ft Ceilings, Basement, Refrigeration, Control Room, Restroom(s)-Private, Restroom(s)-Public, Some Furnished Units, Washer/Dryer Owned, Kitchen Facilities, Other

Parking

  • Parking: Street

Location

  • County: Nevada
  • Cross Streets: South Pine Street
  • Driving Directions: South Pine Street to Broad Street
  • Location Details: Downtown, Freeway Nearby, Restaurant Nearby, Hotel/Motel Nearby

Heating & Cooling

  • Cooling Type: Central, MultiUnits, Multi-Zone
  • Heating Type: Central, Multiple Units, Multi-Zone

Utilities

  • Sewer: Public Sewer
  • Water: Water District, Public
  • Utility Description: Separate Gas Meter, Telephone, Underground Utilities

Structural Information

  • Construction: Brick, Wood
  • Roof: Composition
  • Stories/Levels: 0
  • Square Feet: 11,200
  • Retail: 4,350 Sq. Ft.
  • Year Built: 1856

Unit Information

  • Units in Building: 11

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Size (Sq. Ft.): 5,227
  • Irrigation System: None
  • Topography: Level
  • Zoning: GB-HD NevCty

Financial Considerations

  • Tenant Pays: Electricity, Gas, Trash Collection, Water, Individual Meters
  • Tenant Expense: Electricity, Gas, Trash Collection, Water, Individual Meters

Disclosures and Reports

  • Special Conditions: None
  • APN: 005-399-009

Listed by Coldwell Banker Commercial Grass Roots Realty

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— 233 Broad St —

  • Coldwell Banker Commercial Grass Roots Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 233 Broad St

School Districts:Nevada Joint Union High, Nevada City Elementary School District
RatingNameGradesDistance
6
Seven Hills Intermediate School
700 Hoover Ln, Nevada City, CA 95959
5-80.8 mi
7
Deer Creek Elementary School
805 Lindley Ave, Nevada City, CA 95959
PK-41 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 233 Broad St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/21/2025
Price Reduced
$3,350,000
-2.9%
MLS
10/17/2024
Listed
$3,450,000
130%
MLS
2/24/2022
Sold
$1,500,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 233 Broad St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$16,580
—
$1,560,600
2%
2023
$16,580
51%
$1,530,000
51%
2022
$11,012
2%
$1,011,621
2%
2021
$10,768
—
$991,786
1%
2020
$10,752
2%
$981,617
2%
2019
$10,544
2%
$962,370
2%
2018
$10,349
2%
$943,500
2%
2017
$10,161
254%
$925,000
294%
2016
$2,870
1%
$234,723
2%
2015
$2,836
1%
$231,199
2%
2014
$2,800
1%
$226,671
—
2013
$2,761
—
$225,648
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Coldwell Banker Commercial Grass Roots Realty

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233 Broad Street, Nevada City, CA 95959 (MLS# 224116836) is a Commercial Service property. 233 Broad Street is currently listed for $3,350,000 and was received on October 17, 2024. Want to learn more about 233 Broad Street? Do you have questions about finding other Commercial Service real estate for sale in Nevada City? You can browse all Nevada City real estate or contact a Coldwell Banker agent to request more information.

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