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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
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
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
- Offering Memorandum
- Third Party Reports
- Miscellaneous
Property Facts
1 Lot Available
Lot
| Price | $4,500,000 | Lot Size | 5.80 AC |
| Price Per AC | $775,862.07 |
| 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".
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Property Taxes
| Parcel Number | 325-310-052-000 | Improvements Assessment | $0 |
| Land Assessment | $700,000 | Total Assessment | $700,000 |
Property Taxes
Parcel Number
325-310-052-000
Land Assessment
$700,000
Improvements Assessment
$0
Total Assessment
$700,000
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3080 Forni - FairField Inn & Suites Development Lot
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