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

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.