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589 Main St 2,120 SF 100% Leased Retail Building Placerville, CA 95667 $735,000 ($346.70/SF)



Executive Summary
Rare Mixed-Use Commercial Opportunity on Historic Main Street Positioned at the highly visible corner of Main Street and Clay Street, this Victorian commercial property presents an exceptional opportunity for investors, entrepreneurs, and owner-users alike. With outstanding street frontage, strong daily traffic, excellent visibility, and walkable access to downtown shops, restaurants, and year-round events, this is one of Placerville's most recognizable commercial locations. Public parking lots are conveniently located directly across the street, while private owner parking is situated behind the building for added convenience. The ground floor offers a restaurant space featuring indoor dining, a commercial kitchen area, bar-top seating, a spacious storage room, lobby, and customer/staff restroom. A separate entrance provides the flexibility to divide the space into multiple businesses, professional offices, or additional income-producing suites. One of the property's most distinctive features is the expansive gated deck overlooking Main Streetan incredible setting for outdoor dining, live entertainment, private events, or expanded customer seating in the heart of downtown. Significant capital improvements provide added value and peace of mind, including HVAC systems replaced in 2020 and a new sewer line installed from the building to the city connection, making this a well-maintained investment both inside and out. The second floor includes flexible rooms/spaces and a half bathroom, creating endless possibilities for owner/manager living space, executive offices, creative studios, wellness or salon suites, professional services, meeting space, employee accommodations, or additional income opportunities (subject to local regulations). Whether your vision includes a restaurant, wine bar, brewery, caf, retail boutique, professional offices, or a multi-tenant investment property, this exceptional building offers remarkable flexibility in one of Placerville's most desirable commercial corridors. Commercial properties with this combination of historic character, Main Street frontage, private parking, detached, recent capital improvements, and flexible mixed-use potential rarely become available.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,120 SF
Building Class
C
Year Built
1930
Price
$735,000
Price Per SF
$346.70
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.75
Lot Size
0.07 AC
Zoning
C - Commercial/General
Amenities
- Courtyard
- Fenced Lot
- Restaurant
- Signage
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 002-151-014-000 | Improvements Assessment | $270,412 |
| Land Assessment | $120,181 | Total Assessment | $390,593 |
Property Taxes
Parcel Number
002-151-014-000
Land Assessment
$120,181
Improvements Assessment
$270,412
Total Assessment
$390,593
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589 Main St
