155 Spring Hill DrGrass Valley, CA 95945

This exceptional 9,000 square foot industrial condominium unit in Grass Valley, CA presents a unique owner-user opportunity. Located at 155 Spring Hill Drive, Unit 3, this property is part of a four-unit complex totaling approximately 23,000 square feet situated on a 1.14-acre lot. Built in 2000 and featuring a new roof installed in 2021, the building boasts a modern concrete tilt-up construction. The unit itself offers a versatile layout, currently divided into two rentable areas: a 1,600 square foot high-bay manufacturing space with a long-term tenant (rent currently 40% below market) and a 7,400 square foot space previously occupied by a manufacturing/engineering firm, now vacant. This provides immediate rental income and significant future expansion potential for an owner-occupier. The high-bay warehouse area features 26-foot ceilings and two large roll-up doors, complemented by 7,400 square feet of office/R&D space. The property benefits from M-1 zoning, allowing for a wide range of industrial and office uses, including cannabis-related businesses. Ample on-site and street parking is available. The asking price is $1,199,000 ($133/sq ft). Seller financing may be considered for up to two years. The property's location is poised for significant appreciation due to the nearby Dorsey Marketplace Shopping Center and the planned extension of Spring Hill Drive to Dorsey Drive. High 3-phase power is also available.