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Property profile & analytics
OFF-MARKET Estimated value $5,850,000
Retail space

1615 Main St Susanville, CA 96130-4558

17,369 SF 1.6 ac lot Built 2016
Individually Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US09-5171978
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2016
Construction TILT-UP CONCRETE
Total area 17,369 SF
Lot 1.6 ac (69,696 SF)
APN 105-152-013-000
UPID US09-5171978
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • higi Physician
  • Coinhub Bitcoin ATM Teller Atm
  • Rite Aid Pharmacy Pharmacy
  • CDReload - Online Bitcoin ATM Atm Crypto Atm
  • LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.41M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.85M
Owner & transaction history
Manuel F Cunha · 5 yrs held
Manuel F Cunha
since 2021
Last sale
$6.0M
2 recorded transactions
2021
Price N/A
2020
$6.0M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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