2080 Smith Flat RdPlacerville, CA 95667

Property Details for 2080 Smith Flat Rd

Year built

1956

Construction

WOOD

Lot size

0.75 AC

Property size (Sq ft)

4,562 SF

Zone code

C

Property type

Retail properties

Property subtype

Bars

APN

048-330-023-000

APU

48330023000

Description

This exceptional commercial property in Placerville, CA, presents a unique investment opportunity. Located at 2080 Smith Flat Road, this 0.72-acre lot boasts three distinct buildings totaling approximately 4,642 square feet, offering versatile spaces ideal for various commercial uses. The property is zoned General Commercial (CG) and benefits from high visibility and traffic volume, with over 27,000 cars passing daily. Building 1, a former restaurant/bar (approx. 2,800 sq ft), features a hood system and grease trap, making it turnkey for a food and beverage establishment. Buildings 2 and 3 offer approximately 982 and 860 sq ft of retail/office space respectively. The complex enjoys prime location advantages, including immediate access to Highway 50, proximity to Apple Hill, and a location just five minutes from Apple Hill on historic Smith Flat Road. A new 106-room hotel is under development within a mile, further enhancing the area's appeal. The asking price is $500,000 ($107.71 per square foot) with a NNN lease type. The property is currently vacant, offering flexibility for potential buyers. This corner lot provides multiple entry and exit points, ensuring convenient access for customers and employees. The property's strategic location and versatile spaces make it an attractive investment for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,053,787

  6.5%

  $972,726

  7%

  $903,246

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,581,435

  Geo Method

  $1,641,433

• Alternative Use

  Use

  Valuation

  Residential

  $820,531

  Hospitality

  $751,602

  Educational

  $625,324

  Medical

  $646,830

  Retail

  $972,726

Location Insight

City

Placerville

County

El Dorado

State

California

Latitude

38.7324

Longitude

-120.752

CBSA code

40900

CBSA name

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

Property Tax & Assessments

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