455 Placerville DrPlacerville, CA 95667

Property Details for 455 Placerville Dr

Year built

1955

Construction

TILT-UP CONCRETE

Lot size

1.45 AC

Property size (Sq ft)

3,588 SF

Property type

Retail space

APN

323-400-004-000

APU

323400004000

Description

This exceptional 8,000-square-foot commercial property, located at 455 Placerville Dr, Placerville, CA 95667 (APN 323-400-004-000), presents a unique investment opportunity. Currently zoned for commercial use, this single-story building offers adaptable space suitable for various businesses, including retail, traditional office, and medical office uses. The property boasts a flexible layout, encompassing office, warehouse, storage, and showroom areas, allowing for diverse configurations to meet specific operational needs. The building features a combination of flooring materials including carpet, vinyl, concrete slab, and other surfaces. Ample fenced, uncovered parking is available on-site, with potential for expansion to accommodate additional storage or fleet operations. Conveniently situated off Placerville Drive, near Home Depot, this location benefits from excellent visibility and accessibility. The property enjoys proximity to public transportation, restaurants, shopping, hotels/motels, and freeways, enhancing its appeal and operational efficiency. The current tenant will vacate by July 31, 2024, opening up possibilities for immediate occupancy or lease. The City of Placerville has confirmed that manufacturing is not permitted on the premises. Previous use as a Snowline Hospice donation/retail facility highlights the building's versatility. The asking price is $1,250,000. Buyers are responsible for verifying building square footage and dimensions. This prime location offers significant potential for a variety of businesses, including self-storage, moving companies, RV sales, distribution centers, or showrooms. Don't miss this chance to acquire a well-positioned commercial property at a compelling price.

• CAP approach

  CAP return

  Valuation

  6%

  $688,089

  6.5%

  $635,159

  7%

  $589,791

• Comparable approach

  Method

  Valuation

  Relative Method

  $513,312

  Geo Method

  $532,786

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,286,400

  Mixed-Use / Specialty

  $613,587

  Hospitality / Lodging

  $425,032

  Office

  $589,832

  Institutional / Educational

  $630,983

  Residential Income

  $738,250

  Multifamily

  $992,455

  Automotive / Energy

  $540,842

  Parking / Income-Based Land

  $205,714

  Restaurant / Food Service

  $277,925

  Healthcare / Senior Housing

  $649,022

Location Insight

City

Placerville

County

El Dorado

State

California

Latitude

38.7336

Longitude

-120.831

CBSA code

40900

CBSA name

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

Property Tax & Assessments

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