$65,000

This property is in receivership pursuant to California Health & Safety Code 17980.6 and 17980.7 in the matter of Susanville v. Terranova Strategies LLC in Lassen County Superior Court Case No. 2025CV0076718. The property is being offered for sale by Daniel L. Collins, solely in his capacity as the Court Appointed Receiver and the sale terms are subject to approval by the Court. The property consists of a 10,366 sqft lot where the historic St. Francis Hotel was located until the hotel was destroyed by fire in November 2024. The ownership entity was unresponsive to the fire event, and the City sought the appointment of a Receiver to abate all violations. The demolition of the destroyed hotel has been completed with full approvals from the governing entities, and the Seller will close the sale free of all liens and with insured title. Pricing of this property is offered at land bank value as an inducement to have this site redeveloped and put back into good and productive use. No sign is posted at the property, it is located at the corner of Main St and S. Union St in central Susanville. The property is zoned commercial and residential uses are allowed pursuant to recent State of California legislation that supports outright residential use approvals. Consult with a qualified engineer, planner, or attorney for those allowed residential development uses. Receiver Dan Collins may be contacted by email at [email protected] to provide diligence materials for prospective investors. The Receiver/Seller cannot represent buyers so it is recommended investors consider using a qualifeid agent/realtor.