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Bryan Powell

[email protected] +1(916) 521-4687

$ 995,000

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15432 Old Washington RD Nevada City, CA 95959

0.51 Acres Lot

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Key Details

Property Type Commercial

Sub Type Hotel-Motel

Listing Status Active

Purchase Type For Sale

MLS Listing ID 225048181

HOA Y/N No

Year Built 1865

Lot Size 0.510 Acres

Acres 0.51

Property Sub-Type Hotel-Motel

Source MLS Metrolist

Property Description

Historic Gold Rush-era riverfront hotel in Washington, CA, featuring 14 guest rooms, a full-service restaurant/bar, and a 2BD/1BA 2,172 SF apartment. Built in 1865 and renovated in 2017, the 8,206 SF building sits on a 0.51-acre lot with direct access to the South Yuba River, a popular swimming hole. The bar and restaurant generate ~85% of the ~$533K 2024 gross income, supported by a valuable Type 47 liquor license (included, ~$175K value). Pro forma income is ~$555K with market rent on the apartment, yielding ~$88K NOI and an 8.9% cap rate at asking price. Hotel rooms are underutilized (~10% occupancy) vs. comps at ~60%, offering major upside via marketing, OTA exposure, and light upgrades. Two premium rooms with private baths are consistently booked; others offer affordable hostel-style lodging. The third-floor apartment offers owner-user potential or additional income as a long-term or short-term rental. Ideal for SBA financing, this mixed-use property provides strong cash flow, upside, and irreplaceable riverfront appeal. Established in 1849, Washington is a historic Gold Rush town nestled along the South Yuba River in the Sierra Nevada foothills. Known for its scenic beauty & tight-knit community, it attracts campers, hikers, & outdoor enthusiasts. 25 mins from NV

Location

State CA

County Nevada

Area 13109

Direction From Downtown Nevada City. Highway 20 East. Left at Washington Road. Go down until you reach the town, PIQ will be on the left.

Location Details Other

Interior

Heating Propane, Central, Other

Cooling Central, See Remarks

Flooring Tile, Carpet, Combo of Materials, Vinyl, Wood, Varies by Unit

Exterior

Parking Features Street

Utilities Available Propane, Backup Generator, Separate Water Meter, Cable Connected

Water Access Desc Water District

Roof Type Metal

Building

Sewer Septic System

Water Water District

Others

Senior Community No

Tax ID 064-060-053-000

Special Listing Condition None

Listed by Coldwell Banker Commercial Grass Roots Realty

Bryan Powell

Broker | CA DRE#02003689

+1(916) 521-4687

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Bryan Powell

15432 Old Washington RD Nevada City, CA 95959

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15432 Old Washington RD