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    711 Main St Susanville, CA 96130

    For Sale
    $499,000

    Prime Susanville location, high rental income.

    Property size:
    15,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    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.

    Property Features for 711 Main St

    General Information

    Property type
    Flex space
    Square Feet
    15,800 SF
    Lot Size
    10,454 SF

    Building Details

    Year Built
    1935
    Buildings
    1
    Stories
    2
    Units
    4

    HighLights

    • Upper‑level residential units.
    • Ground‑floor fitness center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Iron Horse Gym Gym

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Susanville
    County
    Lassen
    State
    California
    Longitude
    -120.66149282458
    Latitude
    40.418479524243

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    FAQs

    What type of property is this?
    Flex space - Prime Susanville location, high rental income.
    Where is this flex space located?
    The property is located at 711 Main St Susanville, CA.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Upper-level residential units.; Ground-floor fitness center.;
    Request Owner's contact information
    711 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
    711 Main St Susanville, CA 96130
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