Property Details for 27 Main St

Year built

1915

Property size

3,600 SF

Property type

Mixed-use properties

Description

This meticulously remodeled, historic mixed-use building in Colfax, California, presents a unique investment opportunity. Originally constructed in 1915 and extensively renovated in 2016, this 3,600 square foot property boasts a prime location at 27 S Main St, in Placer County (APN: 006-066-010-000). The building features a 2,400 square foot ground floor, a 600 square foot office loft, and a separate 600 square foot apartment with its own entrance. The permitted Commercial/Residential zoning allows for a variety of uses, making it ideal for owner-occupiers seeking a live/work environment or investors looking for rental income. The property sits on a 2,338 square foot lot. The asking price is $625,000 ($173.61 per square foot). Available for occupancy April 5th, 2024. The building is equipped with three bathrooms and a security system. Previous commercial uses included an ice cream parlor, and existing equipment and fixtures (display counters, refrigeration units, ample storage) are optionally available. The property is being sold below appraised value (appraisal available upon request). Financing options include 80/20 LTV for owner-occupied or investor scenarios, with favorable interest rates for owner-occupants utilizing at least 51% of the space. Colfax is experiencing significant growth, including new hotels, restaurants, and residential developments, making this a compelling investment in a thriving community.

Location Insight

City

Colfax

County

Placer

State

California

Longitude

-120.954

Latitude

39.0998