• Just Listed! Motel in Shasta County, CA - 37386 State Highway 299 E, Burney, CA 96013

For Sale

Special Purpose

For Sale

This property is available for sale
0.34
Acres
$2,750,000
Sale Price
  • Year Built
    1975 (Renovated 2000)
  • Overview

    Colliers International’s Ghobadi Multifamily Investment Team is proud to present the exceptional ± 15,000 square foot hospitality property at 37386 State Highway 299 E. in Burney, California. Shasta Pines Motel & Suites is the only AAA “Two Diamond “ approved motel in the area with modern two story designed building. The Shasta Pines Motel & Suite is a 30 key, select service, independently owned motel located in the center of Burney, California. Situated just over an hour north east from the major Redding Metro area and Redding Municipal Airport this Northern California town is considered to be a premiere getaway spot for any outdoor enthusiasts.

    New bedding, paint interior/exterior, EV Charger plug, and more come to approximately $90,000 worth of improvements
    Brand new coin operated laundry facility for guests
    Original 16 units constructed in 1975 and remodeled in 2015, 14 units constructed in 2000
    All rooms have individual heater, either gas or electric
    New roof in 2015
    On-Site Laundry Facilities
    42 Parking Spaces
    Highway 299 Frontage
    Easy to Manage
    Closely located to the famous Pacific Crest Trail

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Property Details

Colliers International’s Ghobadi Multifamily Investment Team is proud to present the exceptional ± 15,000 square foot hospitality property at 37386 State Highway 299 E. in Burney, California. Shasta Pines Motel & Suites is the only AAA “Two Diamond “ approved motel in the area with modern two story designed building. The Shasta Pines Motel & Suite is a 30 key, select service, independently owned motel located in the center of Burney, California. Situated just over an hour north east from the major Redding Metro area and Redding Municipal Airport this Northern California town is considered to be a premiere getaway spot for any outdoor enthusiasts.

New bedding, paint interior/exterior, EV Charger plug, and more come to approximately $90,000 worth of improvements
Brand new coin operated laundry facility for guests
Original 16 units constructed in 1975 and remodeled in 2015, 14 units constructed in 2000
All rooms have individual heater, either gas or electric
New roof in 2015
On-Site Laundry Facilities
42 Parking Spaces
Highway 299 Frontage
Easy to Manage
Closely located to the famous Pacific Crest Trail

  • Property Type
    Special Purpose
  • Year Built
    1975Renovated 2000
  • Sale Price
    $2,750,000
  • Total Acres
    0.34
  • Cap Rate
    14.0%
  • Number of Floors
    2
  • Zoning
    C-2
  • Last updated
    Mar 15, 2019
  • Property ID
    2078116

Landlord's Sales Representatives

  • Alex Forster
    Colliers | Los Angeles - Encino
     
  • Reza Ghobadi
    Colliers | Los Angeles - Encino
     
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