1615 Main StSusanville, CA 96130

Property Details for 1615 Main St

Year built

2016

Construction

TILT-UP CONCRETE

Lot size

1.60 AC

Property size (Sq ft)

17,369 SF

Property type

Retail properties

Property subtype

Retail space

APN

105-152-013-000

APU

105152013000

Description

This exceptional 17,369 square foot freestanding former drug store presents a remarkable investment opportunity. Situated on a 1.6-acre lot in the heart of Susanville, California (APN: 105-152-013-000), this single-story, 2016-built building boasts a highly desirable double drive-thru. The property is currently vacant, offering a blank canvas for a variety of retail uses. Its prime location at the intersection of Highways 36 and 139 ensures high visibility and accessibility, benefiting from proximity to major employers like High Desert State Prison and significant retail anchors including Grocery Outlet, Chevron, Susanville Supermarket IGA, Napa Auto Parts, US Bank, Sears Outlet, Burger King, Dollar Tree, Big 5 Sporting Goods, Dollar General, Auto Zone, Panda Express, Tractor Supply, Walgreens, Walmart, Taco Bell, JIB, Safeway, Ace Hardware, Marshalls, McDonalds, KFC, Plumas Bank, and Starbucks. Furthermore, its strategic location near Banner Lassen Medical Center, Lassen Community College, Lassen Sheriff/Detention Center, Diamond Mountain Casino/Hotel, Lassen High School, and Lassen Library guarantees a consistent flow of potential customers. All fixtures are included in the sale price of $3,200,000. Owner financing is available. The property is zoned for retail trade, making it an ideal location for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $5,095,200

  6.5%

  $4,703,261

  7%

  $4,367,314

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,022,865

  Geo Method

  $10,022,865

• Alternative Use

  Use

  Valuation

  Residential

  $3,967,377

  Hospitality

  $3,634,096

  Educational

  $3,023,525

  Medical

  $3,127,509

  Retail

  $4,703,261

Location Insight

City

Susanville

County

Lassen

State

California

Latitude

40.4161

Longitude

-120.649

CBSA code

45000

CBSA name

SUSANVILLE, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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