This exceptional 4,045 square foot commercial property at 1144 Broadway in Placerville, California, presents a unique investment opportunity. Situated on a 0.14-acre lot, this historically significant building is currently undergoing a permitted conversion into a retail space, with significant progress already made. The ground floor commercial space is under construction, with framing, plumbing, and electrical work completed. A heating and air conditioning system is also installed. While insulation remains unfinished, the foundation for a thriving retail business is firmly in place. The upper level, sharing the 721 Main Street address, is also under permitted renovation, with rough framing, plumbing, and electrical completed. New owners can assume the existing permits for this section. This area offers the potential for residential use, featuring a deck and stairs leading down to a private, fully fenced 40x49 foot parking lot. A year-round creek adds to the property's unique charm and ambiance. The property's commercial zoning and prime Placerville location offer significant potential for a variety of uses, making it an attractive investment for discerning buyers. The combination of historical character and modern updates makes this a truly exceptional opportunity. The existing construction and permits significantly reduce the time and cost associated with bringing this property to its full potential.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$727,542
Hospitality
$666,425
Educational
$554,458
Medical
$573,526
Retail
$862,490
Location Insight
City
Placerville
County
El Dorado
State
California
Latitude
38.7308
Longitude
-120.79
CBSA code
40900
CBSA name
SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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