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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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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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