575 East. Broad St., Nevada City, CA 95959 - ML81815419 - iPro Real Estate
iPro Real Estate

iPro Real Estate

Price Decrease
For Sale

$2,495,000 $378.37 per sqft

Free Professional CMA

Listing ID : ML81815419

  • Structure / Lot Size

    6,594 Sqft / 0.8400 Acre
  • Year

    1946

Description

Family owned and operated with an established customer base of new and returning guests. -- All Profit & Loss statements and books and records are available. Providing lodging in Nevada City, California, the Outside Inn is a small hotel that sits in a quiet residential neighborhood just two blocks from downtown. The family-owned motel features unique themed rooms under tall pines. A short walk to bookstores, coffee, shopping, entertainment & eats. Whether you're coming to town for a wedding, a workshop or visiting family the Outside Inn welcomes you and your family to come and stay in Nevada City's favorite motel. Family owned and operated for over 22 years, the Outside Inn has a strong reputation in Nevada City as the top choice for lodging. The quirky character and charm, plus top notch customer service has provided a quality experience for guests for decades. The current owners are looking for someone to continue the tradition of being the place to stay in downtown Nevada City.

Details

Type: Commercial Sale 
Subdivision: Nevada County 
County: Nevada 
Facilities: Kitchen, Manager's Office, Office, Refrigeration 
Security Features: Other 
Tax ID: 005-070-004-000
Business Type: Hotel/Motel 
Building Size: 6,594 SqFt 
Cap Rate: 8.92% 
Gross Rent Multiplier: 4.53 
Days on Market: 348 
Access Features: Other 
Cooling: Other 
Foundation: Other 
Heating: Wall Furnace  
Number of Buildings: 3 
Property Type: Commercial Sale 
Restrictions: None 
Roof: Composition 
Sewer: Sewer Connected 
Sub Type: Commercial Property 
Utilities: Other  
Water: Public 

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Interactive

39.266819 -121.02269 $2,495,000 ML81815419
575 East. Broad St., Nevada City, CA 95959
Directions to here from:

Area Information 95959

Population:

18,720 -0% since 2010
Average Income:
$82,204
Average Age:
50Years
Gender:
49.92%Male
50.08%Female
Households:
8,00822.69% with children
Average Value:
$592,207
Occupancy:
70.66%Owned
29.34%Rented
15.69%Vacant
Education:
21.13%High School
9.62%Associate
20.7%Bachelor
13.17%Graduate
Average Residency:
21Years
Crime Rate:
Average
Annual Rainfall:
66.45Inches
Earthquake Risk:
Average
Hail Risk:
Very Low
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Very Low
Wind Risk:
Very Low

History

Date Transaction Price Mortgage Amt & Lender
Date
May 05, 2021
Transaction
Active - Commercial/IndustrialML81815419
Price
$2,495,000
Mortgage Amt & Lender
- -

Mortgage Calculator

Listed by Nathan Gustavson with Compass SF

Based on information from the MLSListings MLS) as of 9/26/2021. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than iPro Real Estate are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 9/26/2021. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. ©2021 MLSListings Inc. All rights reserved. Data updated approximately every 30 minutes