511 Placerville Dr
Placerville, CA 95667

Prime 0.88 Acres Redevelopment Opportunity With 102' Frontage on Placerville Drive Ground Lease

Building description

Secure a flagship infill redevelopment site in the heart of Placerville’s most active commercial corridor.At nearly one full acre this site offers a commanding presence on Placerville Dr, providing significantly more site plan flexibility than standard retail pads.Located at 511 Placerville Drive, this 0.88-acre site offers a rare "blank canvas" opportunity via a long-term Absolute NNN Ground Lease. The property features a 5,800 SF existing structure that serves as an ideal tear-down for a modern Build-to-Suit project. With 102 feet of direct frontage on Placerville Drive, dual access out Cold Springs Road for drive thru capability and a flexible C (Commercial) zoning, this site is perfectly positioned for QSR national tenants, medical groups, or specialized retail users looking for high visibility and regional access.

In addition, the Placerville Drive Pedestrian Connectivity and Hangtown Creek Bridge Replacement projects scheduled to start this year are major infrastructure investments designed to modernize the corridor, directly benefiting 511 Placerville Dr.

Infrastructure & Connectivity Benefits

Continuous Sidewalk Network: Construction of new raised concrete sidewalks, curb, and gutter systems to close existing gaps along Placerville Drive.

Hangtown Creek Bridge Modernization: Replacement of the "functionally obsolete" bridge with a new structure designed to current structural and geometric standards.

Enhanced Multi-Modal Access: Addition of Class II and Class IV bike lanes and improved transit stops to encourage non-motorized travel.

Roadway Rehabilitation: Includes significant pavement rehabilitation, roadway striping, and minor storm drain improvements through the project limits.

Safety & Operational Improvements

Traffic Calming: Narrowing of vehicular lanes to naturally reduce speeds and increase safety for all road users.

ADA Compliance: Installation of ADA-compliant curb ramps at all intersections and transit stops.

Advanced Safety Features: Relocation of crosswalks for improved sight distance and the addition of Rectangular Rapid Flashing Beacons (RRFB).

Dedicated Turning Lanes: The new bridge will include a two-way left-turn lane, improving traffic flow and safety for vehicles entering businesses.

Placerville Drive is a core commercial engine for the region, acting as a gateway to the historic downtown and surrounding residential neighborhoods. This site benefits from its proximity to major transit anchors and a diverse mix of existing national retailers, ensuring consistent daytime traffic and strong brand synergy.

Building highlights

Building Highlights

Massive 0.88 AC Footprint: A rare nearly one-acre site offering significantly more site-plan flexibility than standard retail pads.

102’ of Prime Frontage: High-visibility exposure on Placerville Dr with established ingress/egress and dual access on Cold Springs Road.

Major infrastructure from the city that will directly impact 511 Placerville Dr.

C-Commercial Zoning: Extremely versatile zoning allowing for Retail, Medical, QSR, and Professional Services.

Infrastructure Ready: All utilities are already delivered to the site, significantly reducing pre-development timelines.

Strategic Parking Capacity: Currently accommodates 14+ spaces with ample room to expand for high-density requirements.

Development-Ready Layout: Level lot with a wide frontage-to-depth ratio, ideal for drive-thru queuing or flagship standalone builds.

Trophy "Shadow" Anchor: Positioned directly across from Home Depot, benefitting from the massive regional draw of a national hardware giant.