Property Details
About this Property
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
MLS Listing Information
MLS #
ME225048181
MLS Source
MetroList Services, Inc.
Days on Site
248
Commercial Information
# Buildings / # Units
0 / 15
Parking Spaces
0
Present Use
Hotel/Motel
Utilities
Other, Propane
Interior Features
Flooring
Carpet, Tile, Varies, Varies by Unit, Vinyl, Wood
Cooling
Central Forced Air, Other
Heating
Central Forced Air, Other, Propane
Exterior Features
Roof
Metal
Parking, School, and Other Information
Sewer
Septic Tank
Zoning
C1
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 0 | – | 15 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
15432 Old Washington Rd is a Commercial Sale in Nevada City, CA 95959. This 8,206 square foot property sits on a 0.51 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $995,000 and was built in –. This address can also be written as 15432 Old Washington Rd, Nevada City, CA 95959.
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This listing information is up-to-date as of April 17, 2025. For the most current information, please contact Tyson Tucker, (530) 272-7222
