1007-1043 1007-1043 buschmann Rd
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1007-1043 1007-1043 buschmann Rd
9 Acres of Commercial Land Offered at $2,500,000 in Paradise, CA 95969
Investment Highlights
- Value Add
- Multifamily Conversion
- Distressed
- Seller Financing Available
Executive Summary
Investment Summary:
This offering includes a comprehensive real estate investment opportunity comprising a 30,000 sq. ft. assisted living facility, five duplexes, and an additional 2.87-acre parcel of land, totaling 9 acres. The property is located at 1007-1043 Buschmann Rd, Paradise, CA 95569, in Butte County. The total acquisition price for the entire 9-acre parcel is $2.5 million.
Assisted Living Facility:
Size: The facility spans +/- 30,000 sq. ft., with the west wing remaining intact after the 2018 Camp Fire. The main entrance hall and east wing were destroyed in the fire, reducing the facility from its original 72,090 sq. ft. footprint.
Plans for Multifamily conversion converting remaining 65 rooms to 28 studios and 15 1b/1b units.
Ability to convert to whatever buyer has in mind.
Conversion costs are likely between $3m to $3.5m.
5 Duplexes:
The property includes five duplexes that are all 2b/2b with in unit washer and dryer. The duplexes are strategically located on the same parcel as the assisted living facility, offering both residential and healthcare-focused rental opportunities.
Built in 1999
Central heating and air
No deferred maintenance
Total 10 Units
Additional Parcel:
An additional 2.87-acre parcel is included in the offering, presenting expansion or development opportunities in the future.
Zoned as Multifamily/Residential
This offering includes a comprehensive real estate investment opportunity comprising a 30,000 sq. ft. assisted living facility, five duplexes, and an additional 2.87-acre parcel of land, totaling 9 acres. The property is located at 1007-1043 Buschmann Rd, Paradise, CA 95569, in Butte County. The total acquisition price for the entire 9-acre parcel is $2.5 million.
Assisted Living Facility:
Size: The facility spans +/- 30,000 sq. ft., with the west wing remaining intact after the 2018 Camp Fire. The main entrance hall and east wing were destroyed in the fire, reducing the facility from its original 72,090 sq. ft. footprint.
Plans for Multifamily conversion converting remaining 65 rooms to 28 studios and 15 1b/1b units.
Ability to convert to whatever buyer has in mind.
Conversion costs are likely between $3m to $3.5m.
5 Duplexes:
The property includes five duplexes that are all 2b/2b with in unit washer and dryer. The duplexes are strategically located on the same parcel as the assisted living facility, offering both residential and healthcare-focused rental opportunities.
Built in 1999
Central heating and air
No deferred maintenance
Total 10 Units
Additional Parcel:
An additional 2.87-acre parcel is included in the offering, presenting expansion or development opportunities in the future.
Zoned as Multifamily/Residential
Property Facts
| Price | $2,500,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Distress Sale | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 9.00 AC |
| Price | $2,500,000 |
| Sale Type | Investment |
| Sale Conditions | Distress Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 9.00 AC |
1 Lot Available
Lot
| Price | $2,500,000 | Lot Size | 9.00 AC |
| Price Per AC | $277,778 |
| Price | $2,500,000 |
| Price Per AC | $277,778 |
| Lot Size | 9.00 AC |
Investment Summary: This offering includes a comprehensive real estate investment opportunity comprising a 30,000 sq. ft. assisted living facility, five duplexes, and an additional 2.87-acre parcel of land, totaling 9 acres.
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PROPERTY TAXES
| Parcel Number | 054-050-099-000 | Improvements Assessment | $1,165,248 |
| Land Assessment | $156,060 | Total Assessment | $1,321,308 |
PROPERTY TAXES
Parcel Number
054-050-099-000
Land Assessment
$156,060
Improvements Assessment
$1,165,248
Total Assessment
$1,321,308
zoning
| Zoning Code | Multifamily/Residential |
| Multifamily/Residential |
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1007-1043 1007-1043 buschmann Rd
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