Current Use by Public Records
- Mixed-use properties
Property Details for 300 Front St
- Year built
- 1940
- Lot size
- 0.19 lot acres
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property at 300 Front Street, Placerville, CO, presents a unique investment opportunity. The 960-square-foot building, situated on a 0.19-acre lot, boasts a rich history, originally serving as a blacksmith shop in 1940 before becoming the current home of the United States Post Office. The USPS has been a reliable tenant since 1985, with a lease extending until October 2026. The current annual rental income is $13,288, and the tenant covers all maintenance, insurance, and property taxes, making this a low-maintenance investment. The property is being sold "as is." For buyers seeking financing, owner financing is available with a 20% down payment, a 5% interest rate, amortized over 30 years, and a balloon payment due in 5 years. This prime Placerville location and the long-term, stable income stream make this a compelling investment opportunity. The property's historical significance adds to its unique appeal. Don't miss this chance to acquire a piece of Placerville's history and secure a strong, consistent income stream.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Placerville
- County
- San Miguel CO
- State
- Colorado
- Longitude
- -108.053
- Latitude
- 38.0174
