$400,000

Investor / Developer Opportunity - Main Street Commercial Zoning! Exceptional commercial redevelopment opportunity in downtown Diamond Springs. This 3.97-acre Main Street Commercial (CM)-zoned parcel offers excellent Pleasant Valley Rd frontage and high visibility, surrounded by established retail, office, and service uses. Approximately 2.5 acres are level and usable, providing a substantial development envelope. A creek drainage corridor defines the rear of the property. The CM zoning is intended for pedestrian-oriented retail, office, and service uses, and allows for mixed-use commercial/residential development, supporting active street frontage and higher-intensity commercial uses (buyer to verify density, setbacks, and permitted uses with El Dorado County). Utilities including water, sewer, electric, cable, and propane are available on site, reducing upfront infrastructure costs. The property is currently improved with a 1949 residential structure, rented month-to-month, offering interim income. The structure is functionally obsolete, with low ceilings and narrow stairs, and is best viewed as temporary income or redevelopment placeholder; buyer to confirm rehabilitation vs. removal. Site improvements include fencing, two outbuildings, ample parking, and an existing residence with 2-3 bedrooms, kitchen, living room, bath, utility room, metal roof, and fenced yard. The parcel is strategically positioned between a restaurant, gas station, retail strip centers, and the Logan Building with professional office space, creating strong commercial synergy and consistent traffic exposure. Central downtown location, flexible zoning, utility availability, and surrounding commercial density make this property an ideal candidate for phased development, land banking, or mixed-use redevelopment.