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
MLS #
ME226010146
MLS Source
MetroList Services, Inc.
Days on Site
3
# Buildings / # Units
1 / 1
Parking Spaces
0
Present Use
Mixed, Residential
Utilities
Propane, Water - Public
Flooring
Carpet, Concrete, Linoleum, Unfinished, Wood
Cooling
Window/Wall Unit
Heating
Other, Propane, Wall Furnace
Roof
Metal
Foundation
Other
Sewer
Public Sewer
Water
Other, Public
Zoning
Main Street Commercial
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 1 |
720 Pleasant Valley Rd is a Commercial Sale in Diamond Springs, CA 95619. This 1,060 square foot property sits on a 3.97 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $400,000 and was built in –. This address can also be written as 720 Pleasant Valley Rd, Diamond Springs, CA 95619.
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This listing information is up-to-date as of January 29, 2026. For the most current information, please contact Walter Mathews, (530) 903-1626