476 Main St Murphys, CA 95247
- Investment properties
- 0.32 lot acres
Current Use by Public Records
- Investment properties
Property Details for 476 Main St
- Year built
- 1900
- Lot size
- 0.32 lot acres
- Zone code
- C1
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 068-016-027-000
- APU
- 68016027000
Description
This exceptional mixed-use property in the heart of Murphys, CA presents a lucrative investment opportunity. Situated on a 0.32-acre lot in the bustling tourist district of downtown Murphys, this offering comprises two separate buildings totaling four units. The main building, located directly on Main Street, features two street-level retail spaces. One unit is currently occupied by a thriving wine/beer tasting room under a long-term lease, providing immediate income. The adjacent unit will be delivered vacant at the close of escrow, allowing for immediate customization and leasing to a tenant of your choice. Above the retail spaces is a spacious two-bedroom, one-bathroom apartment with a den, currently occupied by a month-to-month tenant. This building's corner location ensures exceptional visibility and places it amongst other historic properties in this highly sought-after wine region of the Sierra Nevada Foothills. A separate, freestanding building, currently used as a yoga studio, adds further versatility to this property. Ample parking is available in a large, gravel-paved lot accommodating five vehicles. The adjacent side yard is currently utilized by the wine tasting room for outdoor seating, enhancing its appeal. This property offers a unique blend of income-generating retail spaces, residential rental potential, and a flexible additional building, all within a charming Gold Rush-era town nestled between Lake Tahoe and Yosemite National Forest. The property is priced at $1,189,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,045,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $990,000
- 6.5%
- $1,055,000
- 7%
- $1,020,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $995,000
- Geo Method
- $1,275,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,095,000
- Retail
- $1,270,000
- Mixed-Use
- $930,000
- Hospitality
- $1,120,000
- Educational
- $1,260,000
- Residential Income
- $1,055,000
- Energy
- $935,000
- Income-Based Land
- $1,175,000
- Food Service
- $1,090,000
Location Insight
- Map
- Local Demand
- City
- Murphys
- County
- Calaveras
- State
- California
- Longitude
- -120.466
- Latitude
- 38.1381