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450 Colfax Ave 4,300 SF Retail Building Grass Valley, CA 95945 $1,089,296 CAD ($253.32 CAD/SF)



Executive Summary
Tucker Commercial is pleased to present 450 Colfax Avenue — a ±4,308 SF two-story commercial building on a ±0.27-acre corner lot at Colfax Avenue and Stennett Street, directly across from Grass Valley's Memorial Park. Originally built in 1933 and rebuilt top to bottom in 2008–2009, the property pairs stone-and-timber character with updated systems: roof, HVAC, gutters, and sewer all replaced at the remodel.
The building last operated as a full-service restaurant, and the heavy infrastructure remains in place — oversized gas service, substantial electrical capacity, floor drains, dedicated kitchen ventilation, and a Kohler standby generator that keeps the building running through PG&E outages — a six-figure head start for the next food-service operator. The second floor is an open hall with vaulted ceilings, wide-plank pine floors, and a granite-topped service bar, opening through a wall of glass doors to an oversized wraparound terrace overlooking Memorial Park. The ground floor offers a second large open room with stained concrete floors and exposed timber, plus a roll-up door for easy loading and deliveries, and dedicated storage. Three restrooms serve the two levels, and the concrete-paved 22-space on-site lot (±5.1 spaces per 1,000 SF) is a rarity this close to downtown.
NEC zoning permits a broad range of uses — restaurant, office, retail, or residential conversion of up to four units — in a corridor that continues to draw steady reinvestment, a short walk from downtown Grass Valley.
The building last operated as a full-service restaurant, and the heavy infrastructure remains in place — oversized gas service, substantial electrical capacity, floor drains, dedicated kitchen ventilation, and a Kohler standby generator that keeps the building running through PG&E outages — a six-figure head start for the next food-service operator. The second floor is an open hall with vaulted ceilings, wide-plank pine floors, and a granite-topped service bar, opening through a wall of glass doors to an oversized wraparound terrace overlooking Memorial Park. The ground floor offers a second large open room with stained concrete floors and exposed timber, plus a roll-up door for easy loading and deliveries, and dedicated storage. Three restrooms serve the two levels, and the concrete-paved 22-space on-site lot (±5.1 spaces per 1,000 SF) is a rarity this close to downtown.
NEC zoning permits a broad range of uses — restaurant, office, retail, or residential conversion of up to four units — in a corridor that continues to draw steady reinvestment, a short walk from downtown Grass Valley.
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Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,300 SF
Building Class
B
Year Built/Renovated
1933/2010
Price
$1,089,296 CAD
Price Per SF
$253.32 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.38
Lot Size
0.26 AC
Opportunity Zone
Yes
Zoning
NEC - NEC is a flexible zoning designation that is intended to allow residential uses as well as many other retail and commercial uses.
Parking
22 Spaces (5.12 Spaces per 1,000 SF Leased)
Frontage
103’ on Colfax Ave
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 009-280-028-000 | Improvements Assessment | $514,445 CAD |
| Land Assessment | $213,715 CAD | Total Assessment | $728,160 CAD |
Property Taxes
Parcel Number
009-280-028-000
Land Assessment
$213,715 CAD
Improvements Assessment
$514,445 CAD
Total Assessment
$728,160 CAD
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450 Colfax Ave
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