Coldwell Banker Commercial Grass Roots is pleased to present for sale 117 New Mohawk (“The Property”), a 10,098 SF elevator-served, two-story multi-tenant office offered at a deep discount to its replacement cost (approximately $300/SF replacement cost). The building is conveniently located within a five-minute drive of Downtown Nevada City, the Brunswick Basin, and Downtown Grass Valley, making it an ideal location for occupiers in need of a central location. The Property is currently 50% occupied, offering a fantastic opportunity for an owner-user to occupy up to 5,048 contiguous SF while benefiting from rental income on the remaining space, or for an investor looking to add value by leasing out the vacancies. A new five year lease was signed in February 2025 for the entire second story (four separately metered spaces) which will produce $6,344.31 in monthly rental income across 5,048 SF as of August 2025 (approx. $3,400/MO until August 2025). The remaining 5,048 SF of vacant space is spread across four (4) ground floor suites which are separately metered, and all under 2,000 SF— the most active and in-demand footprint in the market. The property offers outsized returns upon lease up and stabilizes north of an 8% cap rate at 95% occupancy with a weighted average rental rate of $1.35/SF/MO gross, a rate that is under market and highly achievable. The Property was built in 1986, consists of stick-frame construction, is fully sprinklered, and sits on a .95 acres parcel and features a secured parking garage with approximately 15 spaces, complemented by abundant surface parking across two exterior lots. The flexible LI-PD zoning allows for both office and industrial uses, offering versatility for a range of uses, including general office, manufacturing/distribution, R&D, and cannabis. The offering also includes 113 New Mohawk, which is a vacant .76 acre, LI-PD zoned parcel which would be ideal for a small industrial building, additional parking or outdoor storage (with approval from Nevada City). Offered at an approximately 70% discount from its replacement cost—just $95.00/SF—the Property gives investors or users a rare opportunity to acquire a high-quality building at an incredible cost basis. The combination of strong fundamentals and aggressive pricing makes 117 New Mohawk a prime option for those seeking a value-add investment or an ideally situated owner-user opportunity with strong in-place income.