2755 Main St Susanville, CA 96130-4741
This exceptional 1.51-acre commercial land parcel in Susanville, California, presents a unique opportunity for hotel development. Located at 2755 Main St, 96130, the property boasts a prime location off California State Routes 36 and 139, offering convenient access and high visibility. The site is zoned C-2 Commercial and is already entitled for a 64-room, three-story limited-service hotel, complete with a swimming pool. This project is exempt from the California Environmental Quality Act (CEQA) under Section 15332. The property's strategic location offers proximity to significant attractions, including the Lassen County Fairgrounds (attracting over 35,000 attendees annually), Lassen Historical Museum, Honey Lake, Eagle Lake, Lake Almanor, Lassen Volcanic National Park, and Lassen National Forest (drawing over 500,000 visitors yearly). Furthermore, its proximity to the California-Nevada border and its one-hour distance from Reno, Nevada, provide access to a wider tourism market. The asking price for this exceptional development opportunity is $800,000. The APN numbers are 105-320-017-000, 105-320-018-000, and 105-320-021-000. This property is situated within an Opportunity Zone, offering potential tax advantages. All interested parties are encouraged to conduct their own due diligence.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
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