681 Main StPlacerville, CA 95667

Property Details for 681 Main St

Year built

1955

Construction

TILT-UP CONCRETE

Lot size

0.87 AC

Property size (Sq ft)

42,698 SF

Zone code

CG

Property type

Retail properties

Property subtype

Retail space

APN

002-181-010-000

APU

2181010000

Description

This exceptional two-story, 42,698 square foot office building, situated on a 0.87-acre lot (37,897 sq ft) in the heart of Placerville's Main Street submarket, presents a unique investment opportunity. Built in 1955 and renovated in 2017, the Class C property boasts a 7.6 FAR and offers diverse space options, ranging from 784 square feet to a maximum contiguous 3,748 square feet. Currently, there are 3,748 square feet of vacant space available for lease. The building features 42698 total suites, 62 on-site parking spaces, and elevators. Its central location provides easy access to Highway 50, the courthouse, and numerous downtown amenities. The zoning is CG. The property includes a variety of existing tenants, including medical offices (Marshall Medical), retail spaces, and traditional office suites. The high ceilings (22 feet) and flexible floor plans cater to a wide range of businesses. The property's APN is 002-181-010-000, and its cross street is Locust Ave. This prime location and versatile space make it an ideal investment for both established businesses and new ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $9,862,910

  6.5%

  $9,104,225

  7%

  $8,453,923

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,801,430

  Geo Method

  $15,362,980

• Alternative Use

  Use

  Valuation

  Residential

  $7,679,754

  Hospitality

  $7,034,614

  Educational

  $5,852,716

  Medical

  $6,054,000

  Retail

  $9,104,225

Location Insight

City

Placerville

County

El Dorado

State

California

Latitude

38.7301

Longitude

-120.793

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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