Opportunity to develop Multi-Family housing in the Placerville City limits. 2 parcels are being offered for sale. The front .4 acres is currently designated as commercial while the back 1.51 acres is zoned R-3 Multi Family by the city of Placerville. This could allow for 18 to 22 residential units. The City has several grant programs available for Multi-Family development right now that can help to streamline the process. The property is sloped with multiple terraces already cut in. Tremendous commercial development opportunities as well with over 100' of frontage on the highly trafficked Placerville Dr. Seller has unapproved plans in place for commercial auto repair/storage.
Listing courtesy of Navigate Realty.
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