1160-1166 Broadway and 3067 Washington St. - For Sale

Property Overview

Located in Placerville, this commercial asset comprises a 3-parcel, 3-building portfolio offered for sale, including 4,540 SF of restaurant space at 1160 Broadway, 13,708 SF of multi-tenant retail/office space at 1166 Broadway, and a 19,166 SF paved parking lot at 3067 Washington Street. The portfolio offers investment potential through its existing commercial uses and parking income.

Property Highlights

• 1160 Broadway: 4,540 SF fully built-out restaurant building on a 0.21-acre parcel.

• 1166 Broadway: 13,708 SF, 2-story multi-tenant retail/office asset comprising 14 units in 2 buildings on a 0.86-acre parcel.

• 3067 Washington Street: 19,166 SF paved and marked parking lot on a 0.44-acre parcel, with income from a food truck tenant.

• Approximately 40 parking spaces are shared by the 1160 and 1166 Broadway buildings; the 3067 Washington Street lot offers approximately 30 spaces.

• The 3067 Washington Street parcel has potential for mixed-use multifamily/retail development up to 2 stories.

• Known as Stagecoach Center, the portfolio formerly served as a stagecoach service and storage center when Placerville was a young town.

• Two historic stagecoaches are displayed in the 1,166 Broadway buildings, with additional historic features throughout the site.

Location & Connectivity

The portfolio spans Broadway and Washington Street in Placerville and serves the local trade area. Its street locations provide visibility and access from both Hwy 50 and Broadway.

Usage

The asset is suited to an investor seeking a multi-parcel commercial portfolio with existing retail/office, restaurant, and parking uses, including food truck tenant income. An owner-user, tenant, or operator may also evaluate the existing commercial spaces, while the parking parcel offers potential for mixed-use multifamily/retail development up to 2 stories.