629 Main Street Placerville, CA 95667

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$2,700,000

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11,840 sq. ft.
0.54 Acres
Commercial
MLS# 221001600

Listing provided courtesy of: ICON Real Estate

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Property Details

Description

Rare investment opportunity located on Main Street in downtown Placerville, CA. at the heart of the historic district. 100% Leased! This turn-key asset offers mixed use w/iconic restaurant, 6,000 sq ft. of office & 2 residential lofts! Great retail exposure from Hwy. 50. Completely renovated inside & out in 2008 w/ over 3.5m invested on rehab. Building was taken to the studs and completed work is quality finish. 6,000+\- sq ft. of high finish multi-use office space. Office & current restaurant are on street level w/ retail access from Main St. This is one of the highest exposed buildings in town! Two additional residential lofts rest on the top floor w/ vaulted ceilings. Both were updated in 2020. 3bed/2bth units w/ walk out balcony's. Designated parking, building backs to the walking/running/biking trail that runs through town. All units have independent meters. Two separate parking lots w/ dedicated for professional space and restaurant. Financial package available.

General Features
- Year Renovated 1905
- Year Built 2007
- County El Dorado
- Property Condition Updated/Remodeled
- Business Type Bar/Tavern/Lounge,Professional Service,Commercial,Restaurant
- Location Airport Nearby, Public Transportation Nearby, Restaurant Nearby, Shopping Nearby, Hospital Nearby
- Property Subtype Mixed Use
Building Features
- Accessibility Features Accessible Approach with Ramp, Parking, Accessible Doors, Wheelchair Access
- Construction Materials Metal, Brick, Brick Veneer, Stone, Frame, Stucco
- Cooling Central, MultiUnits, MultiZone
- Dock Doors 0
- Building Features 1 Restroom Per Unit, Other Restroom Facilities, Patio, Cold Storage, Extra Storage, Sprinkler System Landscape, Sprinkler System Lawn, Individual Thermostat Control
- Flooring Tile, Carpet, Combo of Materials, Concrete Slab
- Heating Central, MultiUnits, MultiZone, Natural Gas
- Number of Floors 2
- Number of Offices 20
- Number of Restrooms 8
- Industrial SqFt 0
- Floor Num 0
- Minimum Available SqFt 0
- Number of Buildings 1
- Number of Elevators 0
- Water Source Meter on Site, Public
- Total Units 4
- Warehouse SqFt 0
- Sewer Public Sewer
- Stories 2
- Square Footage 11,840
- Total Parking Spaces 40
- Roof Tile, Metal
- Office SqFt 0
- Number of Truck Doors 0
- Parking Features Open, Spaces Per SqFt, Street, Lighted
Property Features
- Lot Size Square Feet 23522
- Road Frontage Alley,City Street,Highway Exposure,Highway Frontage

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Neighborhood

95667 (Placerville) Demographics

49 Median Age

213 Population Density (per sq. mile)

38% College Educated

$56,584 Estimated Median Income

10,791 Estimated Total Home Owners

3,652 Estimated Total Renters

75% / 25% Estimated Owner / Renter Divide

4 Estimated Average Household Size

36,859 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$0 Median Sales Price

0 Homes Sold

80 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	Current Price Source: Multiple Listing Service	New Value: $2,700,000
9/15/2021 3:01:51 PM	Price Reduced Source: Multiple Listing Service	New Value: $2,700,000	-7.69%
2/4/2021 5:03:00 PM	New in Database Source: Multiple Listing Service	New Value: $2,925,000

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**Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Information is provided in part by the IDX program of METROLIST SERVICES, INC. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information last updated 9/26/2021 5:02:46 AM. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Terms of Use

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.

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