1144 Broadway, Placerville, CA 95667-5719
This exceptional 4,045 square foot commercial property at 1144 Broadway in Placerville, California, presents a unique investment opportunity. Situated on a 0.14-acre lot, this historically significant building is currently undergoing a permitted conversion into a retail space, with significant progress already made. The ground floor commercial space is under construction, with framing, plumbing, and electrical work completed. A heating and air conditioning system is also installed. While insulation remains unfinished, the foundation for a thriving retail business is firmly in place. The upper level, sharing the 721 Main Street address, is also under permitted renovation, with rough framing, plumbing, and electrical completed. New owners can assume the existing permits for this section. This area offers the potential for residential use, featuring a deck and stairs leading down to a private, fully fenced 40x49 foot parking lot. A year-round creek adds to the property's unique charm and ambiance. The property's commercial zoning and prime Placerville location offer significant potential for a variety of uses, making it an attractive investment for discerning buyers. The combination of historical character and modern updates makes this a truly exceptional opportunity. The existing construction and permits significantly reduce the time and cost associated with bringing this property to its full potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CG · Placerville, CAPlacerville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.