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    2920 Main St Susanville, CA 96130

    For Sale
    $1,355,514

    Susanville, CA Retail Center: High-traffic location.

    Property size:
    6,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 6,500 square foot retail building situated within the Walmart Plaza Shopping Center in Susanville, California. The property, located at 2920 Main St, boasts a prime location with excellent visibility from Highway 36 and prominent monument signage. Currently 50% occupied, the property features a strong anchor tenant, T-Mobile, secured by a firm 5-year lease with a credit-rated, corporate guarantee. The building itself is comprised of three units within a single-story structure, built in 1997 and extensively renovated in 2021/2022, including a new roof, upgraded electrical system, fresh paint, and a new parking lot overlay and striping. The 1.38-acre lot offers potential for a drive-thru. The property benefits from its location in an opportunity zone and its proximity to a major Walmart supercenter (whose nearest competitor is 80 miles away), a Safeway shopping center, and numerous local government agencies, all within 1,500 feet. This Class B, NNN-leased property offers a pro-forma cap rate of 7.00% and a pro-forma NOI of $94,872, with an asking price of $1,355,514 ($208.54/sq ft). The property is also within 2,000 feet of over twenty major national retailers, ensuring high foot traffic and strong potential for future leasing. This owner/user opportunity presents a compelling investment in a thriving retail market. APN: 105-350-46-11.

    Property Features for 2920 Main St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    6,500 SF
    Class
    B
    Lot Size
    60,113 SF

    Building Details

    Year Built/Renovated
    1997/2021
    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • Owner/User Opportunity
    • 50% Leased, with T‑Mobile on a firm 5‑year lease
    • Located in an Opportunity Zone
    • Drive‑thru potential
    • Recently renovated (2021‑2022) with new roof, electrical system, paint, and parking lot
    • High foot traffic location near 20+ major national retailers
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    T-Mobile Cell Phone Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Susanville
    County
    Lassen
    State
    California
    Longitude
    -120.63474123912
    Latitude
    40.408043336399

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    FAQs

    What type of property is this?
    Lifestyle center - Susanville, CA Retail Center: High-traffic location.
    Where is this lifestyle center located?
    The property is located at 2920 Main St Susanville, CA.
    What is the asking price?
    The asking price for this property is $1,355,514.
    What are key features of this property?
    This property features: Owner/User Opportunity; 50% Leased, with T-Mobile on a firm 5-year lease; Located in an Opportunity Zone
    Request Owner's contact information
    2920 Main St Susanville, CA 96130
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    Susanville, CA 96130
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2920 Main St Susanville, CA 96130
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