450 Colfax Ave
±4,308 SF Two-Story Building | Flexible Zoning | Restaurant/Retail/Office | Grass Valley, CA
Marketing description
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.
Investment highlights
- Extensively Renovated with Significant Capital Improvements Originally built in 1933 and completely rebuilt in 2008–2009, the property benefits from major system upgrades including a new roof, HVAC, gutters, sewer line, and modern infrastructure, reducing near-term capital expenditure for a new owner.
- Turnkey Restaurant Infrastructure with High Replacement Value The building retains substantial food-service improvements, including oversized gas and electrical service, commercial kitchen ventilation, floor drains, and a Kohler standby generator—representing a significant cost savings for restaurant or hospitality users.
- Flexible Zoning with Value-Add Potential NEC zoning allows for a wide variety of uses, including restaurant, office, retail, or conversion to as many as four residential units, providing multiple exit strategies and future redevelopment opportunities.
- Prime Corner Location with Ample On-Site Parking Situated on a highly visible corner directly across from Memorial Park and within walking distance of downtown Grass Valley, the property includes 22 on-site parking spaces (approximately 5.1 spaces per 1,000 SF)—an uncommon amenity in this infill location that enhances tenant and customer appeal.
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