1007-1043 1007-1043 buschmann Rd - Commercial LAND FOR SALE


Paradise, CA 95969 392,040 SF
$2,500,000 USD
650-339-6818
1007-1043 1007-1043 buschmann Rd, Paradise, CA for Sale
$2,500,000 USD
Commercial LAND - FOR SALE
1/1
392,040 SF

1007-1043 1007-1043 buschmann Rd
Paradise, CA 95969


HIGHLIGHTS

  • Value Add
  • Distressed
  • Multifamily Conversion
  • Seller Financing Available

OVERVIEW

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

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/ACRE

$277,778/AC

PRICE/SF

$6 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Apartment Units

LAND ACRES

9 AC

LAND SF

392,040 SF

OFFSITE IMPROVEMENTS

-

ZONING

Multifamily/Residential

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Rachna GandhiMarcus & MillichapMore Info
650-339-6818

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Rachna GandhiMarcus & MillichapMore Info
650-339-6818

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.