Log In/Sign Up
Your email has been sent.
816 W Main St
Grass Valley, CA 95945
Sierra Mountain Inn · Hospitality Property For Sale
·
13 Rooms
INVESTMENT HIGHLIGHTS
- Strong Returns | 8.17% cap rate with current management, increasing to 10.77% if self-managed.
- Prime Location | Just 0.25 miles from historic downtown Grass Valley and the revitalized Mill Street Plaza.
- Operational Upside | Experienced onsite team in place, with potential for increased NOI through owner-occupancy and self-management.
- Future Growth | Two double rooms can be converted to singles, expanding the room count to 15 keys.
EXECUTIVE SUMMARY
Coldwell Banker Commercial G.R. is the exclusive advisor of The Sierra Mountain Inn, a 13-room boutique inn located just a short walk from historic downtown Grass Valley, a popular getaway for Bay Area and Northern California travelers. Priced at $1,850,000 ($142,308/key), the property generates approximately $420,000 in annual revenue with an ADR of ~$145 and 55% occupancy. 2025 NOI is projected at $151,200 (8.17% return) with existing management, or $199,200 (10.77% return) if self-managed.
The Inn features 12 guest rooms and one standalone cottage on 0.428 acres, with eight units equipped with kitchenettes. The cottage offers a full kitchen, living room, and bedroom, ideal for extended stays. A manager’s unit with full kitchen and living area connects to the office, providing additional flexibility. Additionally, two double rooms can be converted to singles, expanding the room count to 15 keys.
Originally built in 1940 and fully remodeled in 2004, the property has been consistently updated with modern systems and furnishings. Current ownership operates passively with a seasoned onsite team willing to remain, ensuring a smooth transition.
The property enjoys a strong reputation, with a 9.2/10 “Wonderful” rating on Expedia, stable in-place income, and clear upside potential through self-management and revenue optimization. Its combination of location, character, and performance makes it a compelling opportunity for investors or hands-on owner-operators.
The Inn features 12 guest rooms and one standalone cottage on 0.428 acres, with eight units equipped with kitchenettes. The cottage offers a full kitchen, living room, and bedroom, ideal for extended stays. A manager’s unit with full kitchen and living area connects to the office, providing additional flexibility. Additionally, two double rooms can be converted to singles, expanding the room count to 15 keys.
Originally built in 1940 and fully remodeled in 2004, the property has been consistently updated with modern systems and furnishings. Current ownership operates passively with a seasoned onsite team willing to remain, ensuring a smooth transition.
The property enjoys a strong reputation, with a 9.2/10 “Wonderful” rating on Expedia, stable in-place income, and clear upside potential through self-management and revenue optimization. Its combination of location, character, and performance makes it a compelling opportunity for investors or hands-on owner-operators.
PROPERTY FACTS
| Price Per Room | $195,761 CAD | Building Size | 5,600 SF |
| Sale Type | Investment | No. Rooms | 13 |
| Cap Rate | 8.17% | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1940 |
| Property Subtype | Hotel | Parking Ratio | 2.2/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.42 AC | ||
| Zoning | C2 | ||
| Price Per Room | $195,761 CAD |
| Sale Type | Investment |
| Cap Rate | 8.17% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 5,600 SF |
| No. Rooms | 13 |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 2.2/1,000 SF |
| Corridor | Exterior |
| Zoning | C2 |
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 13 | $107.30 CAD | - |
PROPERTY TAXES
| Parcel Number | 008-300-058-000 | Improvements Assessment | $1,481,204 CAD |
| Land Assessment | $572,788 CAD | Total Assessment | $2,053,992 CAD |
PROPERTY TAXES
Parcel Number
008-300-058-000
Land Assessment
$572,788 CAD
Improvements Assessment
$1,481,204 CAD
Total Assessment
$2,053,992 CAD
1 of 62
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
