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681 Main St Placerville, CA 95667

Sponsored
For Sale
$1,800,000

Multi-tenant office/medical complex

Property size:
42,698 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This prominent Placerville, CA property, located at 681 Main St, 95667, offers 42,698 square feet on a 0.87-acre lot. The building, constructed in 1926 and boasting a rich history as the Placerville Fruit House, currently features approximately 27,770 rentable square feet across 30 units, configured as a mix of medical and traditional office spaces. The property is zoned CG and includes 62 on-site parking stalls. With a Class C designation and a modified lease type, this multi-tenant building presents a value-add investment opportunity. The asking price is $1,800,000, reflecting a price per square foot of $42.16 and a pro-forma cap rate of 9.57%, yielding a pro-forma NOI of $172,215. Conveniently located near Highway 50 and within walking distance of downtown Placerville's amenities, this two-story building represents a significant presence in the local market, being the largest office/medical building in Placerville. The property's historical significance and prime location make it an attractive investment prospect. The building's size, tenant mix, and location offer considerable potential for future growth and income generation. The El Dorado County location (APN: 002-181-010-000) provides a strong foundation for a successful investment.

Property Features for 681 Main St

General Information

Property type
Medical offices
Square Feet
42,698 SF
Class
C
Lot Size
37,897 SF

Building Details

Year Built
1926
Buildings
1
Stories
2
Units
30

Property Profile Location Intelligence

Current Use by Public Records

Medical offices

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Placerville
County
El Dorado
State
California
Longitude
-120.79247174961
Latitude
38.730495954317

FAQs

What type of property is this?
Medical office - Multi-tenant office/medical complex
Where is this medical office located?
The property is located at 681 Main St Placerville, CA.
What is the asking price?
The asking price for this property is $1,800,000.
More about this property
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