This Hospitality Property is no longer advertised on LoopNet.com.

28 S Lassen St
Susanville, CA 96130

Northern California Redevelopment Opportunity · Hospitality Property For Sale · 60 Rooms

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 third and fourth 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

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.37 AC
Building Size 46,176 SF
No. Rooms 60
No. Stories 3
Year Built/Renovated 1924/2000
Corridor Interior

AMENITIES

  • Restaurant
  • On-Site Bar

PROPERTY TAXES

ZONING

Zoning Code Commercial (Located within an Opportunity Zone, this property allows for significant tax benefits, including potential deferrals and reductions on capital gains)
  • Listing ID: 29308420

  • Date on Market: 8/18/2023

  • Last Updated:

  • Address: 28 S Lassen St, Susanville, CA 96130