2021 Smith Flat RdPlacerville, CA 95667

Property Details for 2021 Smith Flat Rd

Year built

1865

Construction

WOOD

Lot size

1.81 AC

Property size (Sq ft)

7,552 SF

Zone code

U

Property type

Office properties

Property subtype

Office buildings

APN

048-240-014-000

APU

48240014000

Description

This exceptional 11,000 square foot property, located at 2021 Smith Flat Road in Placerville, CA (95667), presents a unique investment opportunity. The historic main building, constructed in 1853 and extensively remodeled in 2007, boasts a captivating blend of original charm and modern amenities. Features include two commercial kitchens with hoods, a coffee shop (currently unused), multiple bars (including a cellar bar), a theater/dance hall, offices, a steam room, and a sauna. The property also includes a charming outdoor patio with a gazebo (featuring removable glass panels), a fountain, landscaping, and an outdoor bar. The original stone walls and many windows and doors retain their historic character. A significant addition is the historic freight barn (circa 1863), offering approximately 3600 square feet of space with original cobblestone floors. Ample parking is available with 70 spaces (30 paved). Further enhancing the property's potential is a 5000 square foot building pad with utilities already stubbed. A 950 square foot, two-bedroom, one-bathroom residence is also included. Currently operating as a restaurant and event center, this property is ideally suited for weddings and other large-scale events. Its proximity to wineries, Apple Hill, and historic Placerville adds to its appeal. The property's extensive upgrades include new plumbing and electrical systems, a security system, fire sprinklers, and upgraded communication and control wiring, along with enhanced drainage systems. This remarkable property offers endless possibilities for a discerning investor.

• CAP approach

  CAP return

  Valuation

  6%

  $1,186,703

  6.5%

  $1,095,418

  7%

  $1,017,174

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,038,861

  Geo Method

  $1,078,274

• Alternative Use

  Use

  Valuation

  Residential

  $1,358,319

  Hospitality

  $1,244,213

  Educational

  $1,035,170

  Medical

  $1,070,772

  Retail

  $1,610,265

Location Insight

City

Placerville

County

El Dorado

State

California

Latitude

38.7339

Longitude

-120.754

CBSA code

40900

CBSA name

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

Property Tax & Assessments

FAQs

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