24620 Main St Foresthill, CA 95631-9352
- Turn key restaurants
- 1,600 SF
- 0.28 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 24620 Main St
- Year built
- 1890
- Construction
- WOOD
- Lot size
- 0.28 lot acres
- Property size
- 1,600 SF
- Zone code
- C1
- Property type
- Turn key restaurants
- APN
- 007-153-006-000
- APU
- 7153006000
Description
This exceptional commercial property at 24620 Main Street, Foresthill, CA, presents a rare opportunity to own a piece of history while capitalizing on significant commercial potential. The 3,218 square foot building boasts a unique dual-operation setup, currently configured as a bar and a restaurant. Each space offers its own distinct character and charm. One section of the building proudly displays its heritage, dating back to the 1800s, while the other section, constructed approximately 20 years ago, provides a more modern complement. This blend of historical significance and contemporary functionality creates a truly unique offering. The property sits on a 0.28-acre lot, providing ample space for potential expansion. A generous backyard area presents exciting possibilities for outdoor seating, additional building projects, or simply enhanced operational space. Located in the heart of historic downtown Foresthill, this property benefits from high visibility and convenient access to local amenities and a thriving community. Priced at $340,000, this is an investment opportunity not to be missed. The property's versatile layout and prime location make it ideal for a variety of commercial ventures, offering substantial returns for the discerning investor. Don't miss this chance to own a landmark property in a picturesque California town.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $240,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $305,000
- 6.5%
- $350,000
- 7%
- $360,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $360,000
- Geo Method
- $345,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $320,000
- Retail
- $295,000
- Mixed-Use
- $350,000
- Hospitality
- $280,000
- Educational
- $360,000
- Residential Income
- $320,000
- Energy
- $280,000
- Income-Based Land
- $280,000
- Food Service
- $335,000
Location Insight
- Map
- Local Demand
- City
- Foresthill
- County
- Placer
- State
- California
- Longitude
- -120.816
- Latitude
- 39.0201
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA