For Sale
$1,800,000

681 Main StPlacerville, CA 95667

Multi-tenant office/medical complex

Overview

Added:
Dec 11, 2024
Days on market:
115
This prominent Placerville, CA property, located at 681 Main St, 95667, offers 42,698 square feet on a 0.87-acre lot. The building, constructed in 1926 and boasting a rich history as the Placerville Fruit House, currently features approximately 27,770 rentable square feet across 30 units, configured as a mix of medical and traditional office spaces. The property is zoned CG and includes 62 on-site parking stalls. With a Class C designation and a modified lease type, this multi-tenant building presents a value-add investment opportunity. The asking price is $1,800,000, reflecting a price per square foot of $42.16 and a pro-forma cap rate of 9.57%, yielding a pro-forma NOI of $172,215. Conveniently located near Highway 50 and within walking distance of downtown Placerville's amenities, this two-story building represents a significant presence in the local market, being the largest office/medical building in Placerville. The property's historical significance and prime location make it an attractive investment prospect. The building's size, tenant mix, and location offer considerable potential for future growth and income generation. The El Dorado County location (APN: 002-181-010-000) provides a strong foundation for a successful investment.

Property Details for 681 Main St

Property type
Office properties, Medical offices
Square Feet
42,698 SF
Class
C
Year Built
1926
Buildings
1
Stories
2
Lot Size (sq. ft)
37,897 SF
Units
30

Location Insight

City
Placerville
County
El Dorado
State
California
Latitude
38.730495954317
Longitude
-120.79247174961
681 Main St, Placerville, California

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681 Main St
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