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Property profile & analytics
OFF-MARKET
Commercial land

2755 Main St Susanville, CA 96130-4741

3,615 SF 0.39 ac lot
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US09-2736932
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Total area 3,615 SF
Lot 0.39 ac (16,988 SF)
APN 105-320-017-000
UPID US09-2736932
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Krg Investments · 8 yrs held
Krg Investments
since 2018
4 recorded transactions
2018
$300,000
2017
$390,000
2004
Price N/A
1995
$358,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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