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Property Detail

28 S Lassen St, Susanville, CA 96130, USA
Redevelopment Opportunity
$3,400,000

Description

INVESTMENT HIGHLIGHTS

  • This distinctive Vacant Property is Located in an Opportunity Zone, and provides EB-5 Eligibility. Listed on the Historic Registry
  •  
  • A three story building with an additional lower level, consisting of 11,000 sqft of space
  •  
  • Second and Third Floor can be converted to a Hotel, Motel, Multi-Family or and Assisted Care Facility.
  • The property includes 50 rooms with a number of kitchens included.
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  • Both lower level and first floor includes seven commercial spaces.
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  • Seller Financing Available up to $1,500,000

EXECUTIVE SUMMARY

Please see the attached disclaimer and PROPERTY DISCLAIMER AND DISCLOSURE This disclosure is intended to inform all recipients and interested parties that the pictures included in the presentation or marketing material are historical representations of the property in question and may not accurately reflect its current condition. The historical pictures are provided for illustrative purposes only and do not represent the current state or appearance of the Property. The approximate square footage of the building should be verified by the buyer. This confidential offering memorandum has been prepared by RE/MAX ONE COMMERCIAL and is intended solely for the recipient(s) identified here, providing information about the commercial property. The contents of this memorandum are confidential and proprietary to the Company. Any unauthorized disclosure, copying, distribution, or use of the information contained in this Brochure is strictly prohibited and may be unlawful. 1. Confidentiality: The information contained in this Brochure is confidential and is provided solely for the recipient(s) named herein. It is not intended for general circulation or dissemination. Recipient(s) are strictly prohibited from disclosing any part of this Brochure, in any form, to any third party without prior written consent from the Company. 2. No Representations or Warranties: The Company makes no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of the information provided in this Brochure. All information is subject to change without notice, and the Company does not guarantee that the Property or the contents of this Brochure are free from errors, omissions, or inaccuracies. 3. Non-Binding Nature: This Brochure is not intended to be a binding offer or agreement to sell, lease, or enter into any transaction related to the Property. The information in this Brochure is preliminary and subject to further negotiation and due diligence. 4. Due Diligence: Recipients (s) are encouraged to conduct there own due diligence regarding the Property, including but not limited to obtaining legal, financial, and other professional advice, before making any decisions based on the information provided in this Brochure. 5. Limitation of Liability: The Company shall not be liable for any direct, indirect, incidental, special, or consequential damages arising out of or in connection with the use of the information in this Brochure, including but not limited to lost profits, business interruption, or loss of data 6. Marketing Purposes Only: This Brochure is for marketing purposes only and does not constitute an offer to sell or solicit any interest in the Property. Any investment decisions should be made after reviewing formal offering documents and after seeking advice from appropriate legal, financial, and tax professionals. 7. Jurisdiction and Governing Law: Any dispute arising out of or in connection with this Brochure shall be subject to the exclusive jurisdiction of the courts, and laws shall govern the interpretation and enforcement of this Brochure. By accepting and/or reviewing this Brochure, the recipient(s) acknowledge(s) that they have read, understood, and agreed to abide by the terms of this Confidentiality and Disclaimer Notice. Any unauthorized use, disclosure, or dissemination of this Brochure may result in legal action and liability. If you do not agree with the terms and conditions outlined in this Notice, please promptly notify the Company and destroy or return all copies of this Brochure in your possession. Each office is independently owned and operated PRESENTED BY: ROY BELSON S.V.P. RE/MAX ONE COMMERCIAL 818.620.2020 royremaxca@gmail.com CalDRE #01345852
PROPERTY SUMMARY This property is a robustly built, mixed-use facility that offers over approximately 46,000 square feet of adaptable space. It was originally established in 1926 as a boutique hotel and is positioned in the core of a charming  town  at the base of the Sierra Nevada Mountains. Subject property was built in 1926 and went through an extensive remodels in 2008 & 2009, The project was halted due to a pipeage break within the structure of the property. The existing structure is ready for a new owner to make modifications to suit its intended use. The interior configuration can easily be modified to expand the number of Rooms/Keys available.  This exceptional multi-functional building was considered top-notch during its construction period and features: - Four levels, including a full basement and an elevator - Construction with 11-inch thick reinforced poured concrete and blocks - A variety of commercial units - The current layout includes large hotel rooms, some equipped with kitchen facilities; five commercial spaces; three distinct banquet and meeting areas; two restaurants, and a bar/pub. The property is strategically situated in the downtown area, on the corner of South Lassen and Main Street (California Hwy 395) in Susanville, California, the administrative center of Lassen County. Susanville acts as a central junction between Reno, Redding, Chico, and Mt. Shasta areas. It offers a multitude of year-round outdoor activities such as camping, hunting, fishing, hiking, and snowmobiling, and is conveniently located for day trips to Lassen Volcanic NationaINVESTMENT OVERVIEW Versatile property suitable for Mixed-Use, Multi-Family, Boutique Hotel, or Adult Living Facility (ALF),    Constructed with Durable Concrete and Steel Separate Entrance to Over 10,000 sq ft Lower Level Event Space from Main Street, Situated on a Prime Corner Lot with excellent views. The property was built in 1926, just before the Great Depression, during a time when luxury and additional amenities were in high demand. It was designed with enduring architectural beauty and strategically integrated into the historic community of Susanville. Potential redevelopment options could include multi-family housing, mixed-use, boutique hotel, extended stay, or an adult living facility (ALF). This property features multiple points of access at street level, including: Restaurants, Bars, and Ground-Level Retail Outlets and Shopping Centers are  conveniently located within walking distance to Public Transport. Potential for Value Addition with EB-5 Eligibility Listed on the Historic Registry (Does not have to confine to the Mills Act) The current layout includes: -Five (5) separately metered retail spaces, event space, and several restaurant areas.-Each room equipped with a private bathroom; some are multi-room suites with a kitchen area. -Broad interior corridors that serve as a luxurious passage to each room, complete with 9-foot ceilings. -Guests are welcomed into the property through an inviting foyer, which could include entrances to shops and a cafe bar with seating for over 100 people. The property comes with a large, early 1900s antique bar structure to accommodate a substantial number of Park and Eagle Lake.
 

AMENITIES

  • Restaurant
  • On-Site Bar

PROPERTY TAXES

 

Roy Belson

+1 818-620-2020

Thelma Ghzanian

+1 818-469-3954

Specification

General

  • 46176
  • 0.3200
  • Investment
  • 1926
  • 2000
  • 60

Hospitality

Northern California

Listing ID : 00154

SKU: 154

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