2080 Smith Flat Rd Placerville, CA 95667
- Bars
- 4,562 SF
- 0.75 lot acres
Current Use by Public Records
- Bars
Property Details for 2080 Smith Flat Rd
- Year built
- 1956
- Construction
- WOOD
- Lot size
- 0.75 lot acres
- Property size
- 4,562 SF
- Zone code
- C
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 048-330-023-000
- APU
- 48330023000
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $145,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $195,000
- 6.5%
- $165,000
- 7%
- $180,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $205,000
- Geo Method
- $195,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $150,000
- Retail
- $150,000
- Mixed-Use
- $170,000
- Hospitality
- $160,000
- Educational
- $200,000
- Residential Income
- $150,000
- Energy
- $170,000
- Income-Based Land
- $190,000
- Food Service
- $175,000
Location Insight
- Map
- Local Demand
- City
- Placerville
- County
- El Dorado
- State
- California
- Longitude
- -120.752
- Latitude
- 38.7324
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA