CRAA is pleased to present 2100 Ferndale Court which is an excellent opportunity to own 4.126 acres with immediate access and visibility to Highway 50 and street frontage on Broadway, the major artery connecting to main street into downtown Placerville. This site is unique in that it serves as one of the last large development sites in all of Placerville. Previously entitled for a Hilton Hotel with entitlements expired around 2012 and also previously entitled senior housing assisted living facility with plans available with JDA architect with entitlements expired around 1/1/17. The City may be amenable to both uses. They would like an update of traffic impact report and EID letter with approval for water and fire department. The cost to add a 2 inch water line to the proeprty is approximately $250,000. ¾ inch and 1 inch water meters are already to the property which have approximately $80,000 buy back from the city if a 2 inch water meter were to be put in place. Current lender is open to extending current note in the amount of $280,000 or more at 10% with a qualified purchaser. Placerville is a scenic and charming California gold rush town strategically located between the state capital Sacramento and South Lake Tahoe with convenient access to Highway 50 and Highway 49. It is around a 30 min drive east of regional Sacramento employers and about one and one half hours from Lake Tahoe. Whether running a business, raising a family, or retiring, citizens of Placerville have the best of both worlds; small-town ambiance and larger-city opportunity. Placerville is the County seat and the center of financial, commercial, civic, and Government activity. Premier wineries, Apple Hill Ranches, Historic Coloma, the American River, and the El Dorado National Forest are all located within minutes of downtown Placerville.
