28 S Lassen St | Susanville, CA 96130
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28 S Lassen St
Susanville, CA 96130
REDUCED $500k Mixed use Redevelop Opportunity · Multifamily Property For Sale · 50 Units
INVESTMENT HIGHLIGHTS
- Strategic redevelopment opportunity located in a designated Opportunity Zone, providing significant tax benefits for investors and owners.
- First floor includes seven commercial spaces consisting of 11,500 sq ft, with two locations previous restaurant's
- Vacant property with solid concrete, brick, and steel structure, with 9-foot high ceilings in each unit and 6 foot wide large interior hallways
- Features 50+ units located on the second and third levels with a mix of singles/one bedrooms with large laundry room located on third floor
- Lower level also consist of 11,500 sqft of catering and event spaces great for hosting weddings and special events adding to the ROI
- Great investment opportunity for mixed-use projects, located at one of the busiest intersections, offering high traffic and visibility
EXECUTIVE SUMMARY
Project Description
Original Circuit 1924, plus major renovation in 1949 & 2000s.
Prime redevelopment opportunity in Susanville, Northern California, offers substantial investment potential. Perfect for developers and investors aiming for a significant ROI, this property is situated in an Opportunity Zone, providing valuable tax incentives. This property spans 46,000 sqft across multiple levels, featuring 50 units of singles/one-bedroom mix, located on the second and third floors.
There is a large laundry room located on the third floor.
There are six ground-floor retail spaces (separately metered) and there is a bonus lower level of 11,500 sqft located with a separate entry for catering or multi purpose events, previously was a catering hall. Ideal for a variety of mixed-use projects, including hospitality, assisted living, retail, restaurants, and meeting spaces. With Susanville experiencing growth, the site promises a bright future for further development and redevelopment. The owner is highly motivated and open to considering all reasonable offers. Additionally, this property is listed on the Historic Registry and provides EB-5 eligibility, adding extensive investment value. Submit your offer to own this great investment opportunity today!
Register to view full marketing package
Original Circuit 1924, plus major renovation in 1949 & 2000s.
Prime redevelopment opportunity in Susanville, Northern California, offers substantial investment potential. Perfect for developers and investors aiming for a significant ROI, this property is situated in an Opportunity Zone, providing valuable tax incentives. This property spans 46,000 sqft across multiple levels, featuring 50 units of singles/one-bedroom mix, located on the second and third floors.
There is a large laundry room located on the third floor.
There are six ground-floor retail spaces (separately metered) and there is a bonus lower level of 11,500 sqft located with a separate entry for catering or multi purpose events, previously was a catering hall. Ideal for a variety of mixed-use projects, including hospitality, assisted living, retail, restaurants, and meeting spaces. With Susanville experiencing growth, the site promises a bright future for further development and redevelopment. The owner is highly motivated and open to considering all reasonable offers. Additionally, this property is listed on the Historic Registry and provides EB-5 eligibility, adding extensive investment value. Submit your offer to own this great investment opportunity today!
Register to view full marketing package
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 40 | - | 300 - 700 |
| 2+1 | 10 | - | 300 |
PROPERTY TAXES
| Parcel Number | 103-303-007-000 | Improvements Assessment | $547,346 CAD |
| Land Assessment | $234,570 CAD | Total Assessment | $781,916 CAD |
PROPERTY TAXES
Parcel Number
103-303-007-000
Land Assessment
$234,570 CAD
Improvements Assessment
$547,346 CAD
Total Assessment
$781,916 CAD
ZONING
| Zoning Code | Commercial (Located within an Opportunity Zone, this property allows for significant tax benefits, including potential deferrals and reductions on capital gains) |
| Commercial (Located within an Opportunity Zone, this property allows for significant tax benefits, including potential deferrals and reductions on capital gains) |
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