602 Main StSusanville, CA 96130

Property Details for 602 Main St

Lot size

0.27 AC

Property type

Other commercial real estate

APN

103-303-002-000

APU

103303002000

Description

This exceptional mixed-use property at 602 Main Street, Susanville, CA, presents a compelling investment opportunity. Situated on a 0.27-acre lot, this building offers significant income potential, with current rents below market value. The previous owner, a long-time Susanville resident, cultivated strong relationships with tenants, providing a foundation for future rent optimization and increased capitalization rate. Extensive recent upgrades and improvements have modernized many units, blending classic charm with contemporary updates. While precise square footage requires professional measurement, the property's condition and income stream make it an attractive proposition. The building's strong tenant base and below-market rents offer immediate cash flow, while the potential for rent increases promises substantial long-term returns. This property is ideal for both seasoned investors looking to expand their portfolio and first-time investors seeking a solid, income-generating asset. The combination of strong cash flow, recent renovations, and the opportunity for rent growth makes this a truly exceptional investment opportunity in a desirable location. Serious inquiries are encouraged to schedule a viewing and explore the potential of this remarkable property.

• Alternative Use

  Use

  Valuation

  Residential

  $2,639,360

  Hospitality

  $2,417,639

  Educational

  $2,011,448

  Medical

  $2,080,624

  Retail

  $3,128,918

Location Insight

City

Susanville

County

Lassen

State

California

Latitude

40.4186

Longitude

-120.663

CBSA code

45000

CBSA name

SUSANVILLE, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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