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3080 Forni - FairField Inn & Suites Development Lot 5.8 Acres of Commercial Land Offered at $4,500,000 in Placerville, CA 95667

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INVESTMENT HIGHLIGHTS

  • Off Freeway Ramp
  • Near Downtown Placerville
  • Monopoly Location
  • 360 view hill top
  • Historic Destination

EXECUTIVE SUMMARY

1- TOT Tax incentive / Rebate is likely to qualify for upto $3.5 million. (application is in process)
2- PLACERVILLE DERIVES THE MAJORITY OF ITS LODGING DEMAND FROM:
? LOCAL LEISURE DESTINATIONS
? TRAVELERS EN ROUTE TO OTHER DESTINATIONS SUCH AS SAN FRANCISCO TO THE WEST AND LAKE TAHOE TO THE EAST
3- STRATEGIC VALUE ADDS:
? GOLD RIVER BOUNDLESS OPPORTUNITIES FOR OCEAN ADVENTURES, HIKING, CAVING, MOUNTAIN BIKING, HISTORICAL EXPLORATION & MINING AT GOLD RUSH MUSEUM
? DOWNTOWN PLACERVILLE LOCATED ALONG THE HISTORIC MAIN STREET. A SIGNIFICANT DRAW FOR TOURISTS
? RED HAWK CASINO DIRECT APPROACH FROM THIS SITE THROUGH I 50 FWY
? APPLE HILL FARMS FISHING POND, BAKERY, CAFE, OPEN MARKET, AND ARTS & CRAFT VENDERS. THE VIEW OF THE SIERRAS IS STUNNING. NEXT DOOR IS THE FUDGE FACTORY
? CRAFT FAIRE & HANG TOWN CAR SHOW MAJOR EVENTS
? NTEL-FM5 CORPORATE OFFICE NEAR-BY
? DESTINATION WEDDING PERFECT SPOT FOR STATE OR INTERNATIONAL CLIENTS DUE TO ITS ESTEEMED BEAUTY AND NATURAL LANDSCAPING
4- Site Features:
? The site has good visibility from the highway in both directions
? A gas station and restaurants are nearby, roughly 0.2 miles north
? 2.2 miles from downtown Placerville
? 5.8 miles from Placerville airport
? 3.3 miles from Gold bug park (Gold Rush Museum)
? 5.7 miles from Red Hawk Casino
? 2.3 miles from Wine-Tasting at Niello Olivo Winery
? Near historical Gold River & Gold Mine
? Right next to I-50 freeway
? With the views of Historic Weber Creek Gold mines
? 1.3 miles from Perks Corner
5- PLACERVILLE DISTANCE FROM OTHER DESTINATIONS:
? Folsom, CA 24mi. | West
? Sacramento, CA 44mi. | West
? South Lake Tahoe, CA 60mi. | Northeast
? Truckee, CA 93mi. | Northeast
? Reno, CA 124mi. | Northeast
? San Francisco, CA 130mi. | Southwest

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $4,500,000
Sale Type Investment or Owner User
Sale Conditions
1031 Exchange
  • Build to Suit
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Hospitality
  • Hotel
Total Lot Size 5.80 AC
No. Stories 1
Zoning Highway Commercial

1 LOT AVAILABLE

Lot

Price $4,500,000
Price Per AC $775,862.07
Lot Size 5.80 AC

360 view, on hill top, at Freeway 50 off-ramp, Near Downtown, Fully approved potential brand Marriott hotels - FairField Inn & Suites - 100 keys. Permits to be delivered as "Ready to Pull" / "Shovel Ready".

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
325-310-052-000
Land Assessment
$700,000
Improvements Assessment
$0
Total Assessment
$700,000
  • Listing ID: 25809170

  • Date on Market: 5/28/2022

  • Last Updated:

  • Address: 3080 Forni, Placerville, CA 95667

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