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$200,000
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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.
Full Property Details
Full Property Details for 24620 Main St
General
- Sold For: $200,000
- Status: Closed
- Type: Commercial Service
- Source: METROLIST_Cali
- MLS ID: 224051145
- Added to Site: 605 day(s) ago
Interior
- Flooring: Linoleum
Additional Information
- Other Features: 1 Restroom Per Unit, Under 12 Ft Ceilings, Multiple Tenant Building, Roof Sign, Hood System, Individual Thermostat Control, Kitchen Facilities
Parking
- Parking: Street
Location
- County: Placer
- Cross Streets: Soap Street
- Driving Directions: Foresthill Road to PIQ on Right in Downtown Foresthill.
- Location Details: Downtown
Heating & Cooling
- Cooling Type: Central, Evaporative Cooler
- Heating Type: Central
Utilities
- Sewer: Septic System
- Water: Water District
- Utility Description: Propane, Internet Available, Other
Structural Information
- Structure Type: Detached
- Construction: Brick, Frame, Wood
- Foundation: Raised
- Roof: Shingle
- Stories/Levels: 0
- Square Feet: 3,218
- Year Built: 1890
Lot Features
- Lot Size (Acres): 0.2762
- Lot Size (Sq. Ft.): 12,031
- Irrigation System: None
- Zoning: Mixed Use
Disclosures and Reports
- Special Conditions: None
- APN: 007-153-006-000
Listed by Windermere Signature Properties Auburn
Sold by East to West Realty
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Schools
Schools serving 24620 Main St
School Districts:Placer Union High School District, Foresthill Union Elementary School District
| Name | Grades | Distance |
|---|---|---|
Foresthill Divide 22888 Foresthill Road, Foresthill, CA 95631 | K-8 | 1.6 mi |
Foresthill High School 23319 Foresthill Road, Foresthill, CA 95631 | 9-12 | 1.1 mi |
Colfax High School 24995 Ben Taylor Road, Colfax, CA 95713 | 9-12 | 10.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 24620 Main St
Date
Details
Price
Change
Source
6/13/2025
Sold
$200,000
-33.33%
MLS
4/02/2025
Price Reduced
$300,000
-11.76%
MLS
1/09/2025
Price Reduced
$340,000
-5.56%
MLS
7/19/2024
Price Reduced
$360,000
-10%
MLS
5/22/2024
Listed
$400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
24620 Main Street, Foresthill, CA 95631 (MLS# 224051145) is a Commercial Service property that was sold at $200,000 on June 13, 2025. Want to learn more about 24620 Main Street? Do you have questions about finding other Commercial Service real estate for sale in Foresthill? You can browse all Foresthill real estate or contact a Coldwell Banker agent to request more information.

