924 Main StSusanville, CA 96130

Property Details for 924 Main St

Year built

1930

Lot size

0.13 AC

Property size (Sq ft)

3,955 SF

Property type

Retail properties

Property subtype

Retail space

APN

103-325-017-000

APU

103325017000

Description

This exceptional mixed-use commercial building presents a unique investment opportunity in the heart of Susanville, California. Located at 924 Main St, this two-story, 5,600 square foot property boasts a prime location and significant potential. Built in 1930, the Class B building is currently vacant, offering a blank canvas for a wide range of commercial ventures. The property features updated wiring with two separate meters, providing flexibility for various tenants or uses. The asking price is $88,000, translating to $15.71 per square foot. Included in the sale is a separate lot on Weatherlow Street, providing valuable off-street parking for customers and employees. The building offers substantial storage space, including an attic area. The property is zoned UBD, allowing for diverse commercial applications. The building's history and location in Lassen County, CA, combined with its size and features, make it an attractive proposition for owner-users seeking a substantial commercial space. The seller is motivated, making this an opportune time to acquire this significant property in Susanville's vibrant commercial district. The APN is 103-325-017, and ownership is held by the Rhodes Trust. This is a rare opportunity to acquire a large, versatile commercial building in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,160,200

  6.5%

  $1,070,954

  7%

  $994,457

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,282,252

  Geo Method

  $2,282,252

• Alternative Use

  Use

  Valuation

  Residential

  $903,390

  Hospitality

  $827,500

  Educational

  $688,470

  Medical

  $712,148

  Retail

  $1,070,954

Location Insight

City

Susanville

County

Lassen

State

California

Latitude

40.4175

Longitude

-120.658

CBSA code

45000

CBSA name

SUSANVILLE, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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