711 Main StSusanville, CA 96130
- Commercial real estate
- 9,100 SF
Property Details for 711 Main St
- Year built
- 1935
- Lot size
- 0.24 AC
- Property size (Sq ft)
- 9,100 SF
- Property type
- Commercial real estate
- APN
- 103-312-008-000
- APU
- 103312008000
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,058,110
- 6.5%
- $1,899,790
- 7%
- $1,764,090
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,083,810
- Geo Method
- $2,083,810
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $3,839,480
- Retail / Commercial
- $1,949,440
- Mixed-Use / Specialty
- $1,927,180
- Hospitality / Lodging
- $1,393,980
- Office
- $1,899,790
- Institutional / Educational
- $1,998,020
- Residential Income
- $2,337,690
- Multifamily
- $2,888,550
- Automotive / Energy
- $1,712,590
- Parking / Income-Based Land
- $606,117
- Restaurant / Food Service
- $969,676
- Healthcare / Senior Housing
- $1,991,990
Location Insight
- City
- Susanville
- County
- Lassen
- State
- California
- Latitude
- 40.4189
- Longitude
- -120.661
- CBSA code
- 45000
- CBSA name
- SUSANVILLE, CA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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