The Fairway Building

970 East Main Street is strategically located in the heart of Grass Valley, a historic and vibrant community in Nevada County, California. Positioned along a primary commercial corridor, the property benefits from excellent visibility, easy access, and proximity to key local amenities. Just minutes from downtown Grass Valley and Highway 49, the location connects seamlessly to nearby Nevada City and the greater Sierra Foothills region. As the county seat and a regional service hub, Grass Valley supports a strong base of government, healthcare, education, and professional service tenants, making it a stable market for office occupancy. The surrounding area includes medical offices, civic buildings, retail centers, and residential neighborhoods, enhancing the convenience and accessibility for tenants and visitors alike. This central location provides a balanced mix of lifestyle, affordability, and accessibility, offering investors a foothold in one of Northern California’s most livable and community-driven markets.970 East Main Street presents a rare opportunity to acquire a well-maintained ±14,229 SF two-story office building on two parcels totaling ±1.32 acres in the heart of Grass Valley, CA. Constructed in 1989 and offering ±9,930 SF of net rentable area, the property is currently 92% leased to a diverse mix of five tenants, with one ±749 SF suite available for immediate lease-up or owner-user occupancy. With an asking price of $2,400,000—equating to just $168.66/SF—the building is offered well below replacement cost, making it an attractive long-term hold for investors seeking stability and growth in a supply-constrained market. The in-place NOI is $91,408, with upside potential upon full lease-up. Additional value could be realized through lease conversions to NNN and future rent adjustments to market levels, which currently average $16–$18/SF/year in the Grass Valley area. The property is well positioned for an owner-user, who could profit from the existing income stream while simultaneously taking advantage of depreciation write-off. Situated on East Main Street, a key commercial corridor, the property benefits from strong visibility, convenient access, and ample on-site parking. Zoned for professional office use and surrounded by healthcare, government, and service businesses, the location supports a wide range of tenant demand. This offering is well-suited for owner-users, local or regional investors, and 1031 exchange buyers looking for a stable, well-located asset with immediate value-add potential and minimal management demands.