Redevelopment Opportunity, Northern, CA

REDEVELOPMENT OPPORTUNITY, NORTHERN, CA

Mixed Use, Multi-Family, Hotel, Adult Living Facility

This redevelopment opportunity is truly unique. It is EB5 eligible and listed on the California Historic Property Registry. Sitting at the base of the Sierra Nevada Mountains, it can easily cater to clientele including tourists, business travelers, outdoor enthusiasts or long-term residents.

The property was constructed in 1926 just prior to the great depression when extra amenities & luxury was prominent. Designed with timeless architectural elegance and strategically aligned with the historic community of Susanville.

This project is partially completed with many tenant improvements in place. The property went through an extensive renovation with numerous upgrades during 2008 and 2009; subsequent to the renovation, a sprinkler pipe ruptured on the second floor, which caused remediation efforts to commence.

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 available. There is street parking in front and along side of the building with additional city parking across the street that will soon include EV charging stations.

Investment Highlights

• Mixed Use, Multi-Family, Boutique Hotel or Adult Living Facility (ALF) with Restaurants, Bars, and
• Street-Level Retail Shops
• Walking Distance to Public Transportation, Shopping, Bars, Restaurants and Other Local Attractions
• Susanville is Rated #29 in the Top 200 Hunting & Fishing Destinations in the USA by Outdoor Magazine
• EB-5 Eligible Value-Add Opportunity
• Historic Registry Designation
• Concrete and Steel Construction
• Separate Access to 10,000+ sf Lower Level Venue Area from Main Street
• Prime Corner View Lot

The Current Floor plan Consists of:

• Each room includes a private bath; some of which are multi-room suites inc Wide interior corridors provide a luxurious gateway to each room with 9 foo Guests enter the property through a welcoming foyer which may include an cafe- bar providing seating for more than 100 people
• Included with the property is a large antique bar structure from the early 19 many bar-top visitors
• The main floor further includes an interior dining space that could easily ho or steakhouse
• Additionally, the property offers a dedicated access to over 10,000 sf of lower space with up to 170-person capacity for entertainment or other venues

Surrounding Area:

Susanville, California is the county seat of Lassen County, California, UnitedStates. Susanville is located on the Susan River in the southern part of the county, at an elevation of 4,186 feet (1,276m). In 2020, Susanville has a population of approximately14.9k+ people with a median age of 31.7

Susanville, a former logging and mining town, it is the site of the High Desert State Prison and the California Correctional Center, and Lassen Community College - a higher education institution. As of 2020, the economy of Susanville, California employs 2.54k people. The largest industries in Susanville are Public Administration, Health Care and Social Assistance, and Retail Trade.

Conveniently centered between Reno, Redding, Chico and the Mt. Shasta areas. It is a year round playground with a myriad of out door activities including; camping, hunting, fishing, hiking and snowmobiling as well as easy day trips to Lassen Volcanic National park and Eagle Lake.

• Newer Banner Hospital and Medical Center Nearby
• Diamond Mountain Casino within miles