facebook
Traded Co logo
Submit
Daily limit: 0/10

Marcus & Millichap Sells Historic Mixed-Use Property At 414-434 Main Street For $1.7M

Property Image
SOLD
$1,700,000

California

See Similar Deals
Mixed-use13,827 SF
Sold 07/09/2024
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Sells Historic Mixed-Use Property At 414-434 Main Street For $1.7M

414 Main Street

See Similar Deals
Mixed-use13,827 SF
Sold 07/09/2024
Contact now

Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$122
Total Square Footage:13,827 SF
Transaction Type:Sale

The sale involved a historic mixed-use property located at 414-434 Main Street in Placerville. The asset was sold for a transaction amount of $1,700,000. The property encompasses 13,827 square feet, resulting in a price per square foot of $123. It was originally a movie theatre built in the 1920s and currently comprises five retail spaces on the ground floor, along with three residential units on the top floor.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,700,000
  • Square Footage: 13,827
  • Price per Square Foot: $123
  • Address: 414-434 Main Street
  • Market: Placerville

The transaction was facilitated by the brokerage firm Marcus & Millichap, with key representatives including Edward Nelson, William Graves Jr., and Wyatt Figueroa. Their involvement played a significant role in the successful negotiation and completion of the sale of the property.

Players

Edward Nelson
5 deals$27.6M volume(212) 729-3632
BROKER

Wyatt Figueroa
Marcus & Millichap
2 deals$18.4M volume
BROKER

William Graves
Marcus & Millichap
8 deals$44.1M volume
BROKER

Details

SOLD
IMAGE: 07/09/2024 ADDRESS: 414-434 Main Street MARKET: Placerville ASSET TYPE: Mixed-use BROKERS: Edward Nelson, William Graves Jr. & Wyatt Figueroa - Marcus & Millichap SALE PRICE: $1,700,000 SF: 13,827 ~ PPSF: $123 NOTE: Marcus & Millichap facilitated the sale of a historic mixed-use property at 414-434 Main St. in Placerville for $1.7 million. Originally a movie theatre built in the 1920s, the 13,827-square-foot building now features five retail spaces on the ground floor and three residential units on the top floor.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$90,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41