476 Main StMurphys, CA 95247

Property Details for 476 Main St

Year built

1900

Lot size

0.32 AC

Zone code

C1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

068-016-027-000

APU

68016027000

Description

This exceptional mixed-use property in the heart of Murphys, CA presents a lucrative investment opportunity. Situated on a 0.32-acre lot in the bustling tourist district of downtown Murphys, this offering comprises two separate buildings totaling four units. The main building, located directly on Main Street, features two street-level retail spaces. One unit is currently occupied by a thriving wine/beer tasting room under a long-term lease, providing immediate income. The adjacent unit will be delivered vacant at the close of escrow, allowing for immediate customization and leasing to a tenant of your choice. Above the retail spaces is a spacious two-bedroom, one-bathroom apartment with a den, currently occupied by a month-to-month tenant. This building's corner location ensures exceptional visibility and places it amongst other historic properties in this highly sought-after wine region of the Sierra Nevada Foothills. A separate, freestanding building, currently used as a yoga studio, adds further versatility to this property. Ample parking is available in a large, gravel-paved lot accommodating five vehicles. The adjacent side yard is currently utilized by the wine tasting room for outdoor seating, enhancing its appeal. This property offers a unique blend of income-generating retail spaces, residential rental potential, and a flexible additional building, all within a charming Gold Rush-era town nestled between Lake Tahoe and Yosemite National Forest. The property is priced at $1,189,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,716,023

  6.5%

  $2,507,098

  7%

  $2,328,020

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,972,069

  Geo Method

  $3,084,826

• Alternative Use

  Use

  Valuation

  Residential

  $2,507,098

  Hospitality

  $2,296,489

  Educational

  $1,910,652

  Medical

  $1,976,362

  Retail

  $2,972,125

Location Insight

City

Murphys

County

Calaveras

State

California

Latitude

38.1381

Longitude

-120.466

Property Tax & Assessments

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