206 Main StMurphys, CA 95247

Property Details for 206 Main St

Lot size

8.60 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

068-018-031-000

APU

68018031000

Description

This exceptional 10.66-acre commercial property, located at 206 Main Street in the thriving town of Murphys, California, presents a once-in-a-lifetime development opportunity. Situated in the heart of this popular Northern California tourist destination, the property boasts an unparalleled location on Main Street, offering 1100 feet of prime road frontage along two streets. The property consists of three separate parcels, all zoned C-1, providing significant flexibility for a variety of commercial ventures. The land itself is remarkably flat and usable, making development straightforward. The property includes a historic farmhouse dating back to the 1800s, along with several additional outbuildings, offering potential for adaptive reuse or expansion. Murphys Creek flows through the length of the property, adding to its unique character and appeal. This is the last remaining undeveloped parcel of prime Main Street real estate, representing an exceptional chance to significantly expand and enhance the commercial landscape of Murphys. With its size, location, and zoning, this property is ideal for developers seeking a high-impact project in a vibrant and sought-after community. The 10,000 square foot building offers ample space for various commercial uses. This is a truly remarkable opportunity to acquire a significant piece of Murphys' history and future.

• CAP approach

  CAP return

  Valuation

  6%

  $72,994,176

  6.5%

  $67,379,240

  7%

  $62,566,436

• Comparable approach

  Method

  Valuation

  Relative Method

  $79,875,504

  Geo Method

  $82,905,896

• Alternative Use

  Use

  Valuation

  Residential

  $67,379,240

  Hospitality

  $61,719,020

  Educational

  $51,349,500

  Medical

  $53,115,488

  Retail

  $79,877,000

Location Insight

City

Murphys

County

Calaveras

State

California

Latitude

38.1384

Longitude

-120.459

Property Tax & Assessments

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