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Sold on Feb 27, 2026 for $1,000,000

114 Argall Way, Nevada City, CA 95959

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Property Highlights

Commercial Sale

Property Type

Retail

Sub Type

1977

Year Built

N/A

Days On Properkey

0.56

Lot (acres)

225139295

MLS #

METROLIST

MLS Source

Description

For Sale Multi-Tenant Retail Investment - Nevada City, CA Pride of ownership is evident in this well-maintained, retail property located in the desirable 7 Hills Business District of Nevada City. Built in 1977, this six-unit neighborhood center has enjoyed consistent occupancy and strong tenant retention. The property features a diverse and complementary tenant mix, including a laundromat, dog groomer, hair salon, home dcor and design store, bulk refill shop, and trophy business all operating at or slightly below market rent with solid tenancy and history. Each suite offers its own restroom, HVAC system (except 114 which has a swamp cooler), and dual access points, providing both functionality and convenience for tenants and customers alike. Recent improvements include a full exterior repaint, and the site offers ample on-site parking on a 0.56 acre parcel. The center benefits from excellent visibility and foot traffic, with direct access to SPD Market, restaurants, and surrounding retail and service businesses. This offering represents a rare opportunity to acquire a stable, income-producing asset in a sought-after Nevada City location. The property delivers approximately $77,000 in Net Operating Income (NOI), reflecting a 6.95% cap rate at the asking price.

Listed by Amelia R. Barrett • DRE #01732628 • Barrett & Associates

Bought with Amelia R. Barrett • DRE #01732628 • Barrett & Associates

Contact: (530) 362-7072

Contact: [email protected]

MLS #: 225139295
Source: MetroList Services

Property Features

Lot Features: Curbs/Gutters, Sidewalk

Building & Construction

Construction Materials
Wood
Roof
Composition
Foundation
Concrete
Building Features
1 Restroom Per Unit, Multiple Tenant Building, Individual Thermostat Control

Interior & Comfort

Heating
Central
Cooling
Central
Flooring
Concrete, Wood

Utilities

Nearby

Active Pending Closed Rental

School information not available for this property.

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Such information and material should be independently reviewed and verified for accuracy. This information and material are intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data last updated: August 25, 2026 5:24 AM PT
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