27 Main St Colfax, CA 95713
- Mixed-use properties
- 3,600 SF
Current Use by Public Records
- Mixed-use properties
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Colfax
- County
- Placer
- State
- California
- Longitude
- -120.954
- Latitude
- 39.0998
