24620 Main ST Active Save Request In-Person Tour Request Virtual Tour
Foresthill,CA 95631
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 224051145
HOA Y/N No
Year Built 1890
Lot Size 0.276 Acres
Acres 0.2762
Property Sub-Type Mixed Use
Source MLS Metrolist
Property Description
Turnkey Income with 8.12% Cap Rate - Bar & Restaurant Investment on Main Street. Located in the charming town of Foresthill, this fully leased mixed-use commercial building offers immediate cash flow with a cap rate of 12%. The property houses two established tenantsa bar and a restauranteach operating under leases with recent rent increases aligning with current market conditions.With an NOI of $36,100, this asset provides reliable passive income. The building is older but structurally sound, with future upside available through renovations or strategic tenant repositioning. Foresthill is a community with historic charm and steady local trafficperfect for long-term holding or as a value-add opportunity. Whether you're a seasoned investor or looking for a 1031 exchange, this Main Street gem delivers stability, upside, and income from day one.
Location
State CA
County Placer
Area 12304
Direction Foresthill Road to PIQ on Right in Downtown Foresthill.
Location Details Downtown
Interior
Heating Central
Cooling Central,Evaporative Cooler
Flooring Linoleum
Exterior
Parking Features Street
Utilities Available Propane,Internet Available,Other
Water Access Desc Water District
Roof Type Shingle
Accessibility AccessibleDoors
Handicap Access AccessibleDoors
Building
Foundation Raised
Sewer Septic System
Water Water District
Others
Senior Community No
Tax ID 007-153-006-000
Special Listing Condition None