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- LoopNet Team
523 Sacramento St
Nevada City, CA 95959
Piety Hill Cottages Motor Court B&B · Hospitality Property For Sale · 5,243 SF
Investment Highlights
- Highly-rated turnkey motel property on 1 acre in-town site.
- Walking distance to Historic Downtown Nevada City.
- 10 individual buildings allowing possible residential conversion.
- 9 rental cottages plus a +-1600 SF 2bd/2ba owner's unit.
- Low +-14% building coverage allows for additional development.
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 5,243 SF |
| Property Subtype | Hotel | No. Stories | 1 |
| Building Class | C | Year Built/Renovated | 1933/2007 |
| Lot Size | 1.01 AC | Corridor | Exterior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.01 AC |
| Building Size | 5,243 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1933/2007 |
| Corridor | Exterior |
Amenities
- Public Access Wifi
About 523 Sacramento St , Nevada City, CA 95959
Rare opportunity to own and operate an enchanting 9-unit motor court bed and breakfast situated on a 1-acre in-town parcel in Nevada City, rated by Sunset Magazine as the number one Best Value Town in the Western US. The property consists of 10 separate buildings containing nine 1-bdrm & studio cottages, a gorgeous 2bd/2ba innkeeper/owner's unit, 7 carport garages, laundry and circular drive surrounding a delightful courtyard. Piety Hill has earned an "Excellent" (4.5) rating from Trip Advisor. Huge upside potential by way of excess land area for developing more units and/or repurposing into apartments, condos or affordable housing. Unbeatable location within easy walking distance to both Downtown and the fashionable 7-Hills Business District. This offering is turnkey including FF&E, operating software, mailing lists and goodwill. Exclusively listed by Highland Commercial. SALE PENDING, BUT SELLER MAY ACCEPT BACKUP OFFER SUBJECT TO 2-DAY 'FIRST RIGHT OF REFUSAL' BY EXISTING BUYER.
PROPERTY TAXES
| Parcel Number | 005-240-001-000 | Improvements Assessment | $625,654 |
| Land Assessment | $468,180 | Total Assessment | $1,093,834 |
PROPERTY TAXES
zoning
| Zoning Code | SL-Service Lodging |
| SL-Service Lodging |
Learn More About Investing in Hospitality Properties
