For Sale
$499,000

711 Main St Susanville, CA 96130

Prime Susanville location, high rental income.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional Susanville property, located at 711 Main St, offers a unique blend of commercial and residential space. The 15,800 square foot building, constructed in 1935, sits on a 0.24-acre lot and is zoned C-2. The property features one main building with two stories. Currently, the ground floor houses the Iron Horse Gym, while the upper floor comprises three rental apartments, generating a combined monthly rental income of $4,875. The building is being sold as a single unit, including the gym and apartments. The property is an owner/user investment opportunity with multiple tenants. With four total units, the asking price is $499,000, or $31.58 per square foot, and $124,750 per unit. The property's APN is 103-312-08. This presents a strong investment opportunity in a desirable uptown Susanville location. The property's multi-tenant structure provides diversified income streams, making it an attractive option for investors seeking stable returns. The existing gym and apartments are established businesses, minimizing vacancy risk and maximizing immediate cash flow. The C-2 zoning allows for a variety of commercial uses, offering potential for future expansion or redevelopment.

Highlights

  • Upper-level residential units.
  • Ground-floor fitness center.

Property Details for 711 Main St

Property type
Industrial properties, Flex space
Square Feet
15,800 SF
Year Built
1935
Buildings
1
Stories
2
Lot Size (sq. ft)
10,454 SF
Units
4

Location Insight

City
Susanville
County
Lassen
State
California
Latitude
40.418479524243
Longitude
-120.66149282458

FAQs

What type of property is this?
Industrial property - Prime Susanville location, high rental income.
Where is the industrial property located?
The property is located at 711 Main St Susanville, CA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Upper-level residential units.; Ground-floor fitness center.;
How can I contact the broker?
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711 Main St
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