$800,000
SOLD JUL 26, 2024
-- Bed
-- Bath
14,000 Sq Ft
0.27 Acres

Recently Sold

$57 Per Sq Ft

14% Below List Price

192 Days on Market

About This Home

As of July 2024

Established around 1935, the Fall River Hotel has been a focal point for the Intermountain area for 88 years. Serving the community with overnight accommodations, fine dining and spirits. Conveniently located on Main Street in Fall River Mills. The three story 15 room hotel is an impressive 14,000 sf. First floor features a large dining room with stunning river rock fireplace, high beamed ceiling and solid wood dance floor! In addition, there is a cozy cafe with 6 booths plus a bar counter with 4 stools. The diner opens to a beautiful courtyard with cobblestone patio, unique lava rock water feature, lava rock walls surrounding courtyard, shade trees and lush green lawn creating a wonder outdoor dining area. The hotel lounge has a great atmosphere with long polished wood bar branded with local brands, lower tables alongside another beautiful river rock fireplace. Commercial kitchen with walk in cooler and all the tools and equipment to operate a successful food business. There is an office, laundry room, storage rooms and work areas. The second floor has 8 rooms, with a mixture of single rooms, double rooms and suites. Two doors open to balcony overlooking beautiful farm ground and the river. The third floor has two large suites with kitchenettes and also opens to a balcony. Oversized stairs from both balconies lead to courtyard. Alongside the hotel building, within the courtyard, you will find cobblestone walkways leading to 5 additional hotel suites with kitchenettes. Attached to the back of the hotel is the owners two story residence with 3 bedrooms and 2 baths. Back deck and private yard surrounded by lava rock privacy fence. There is a cobblestone alleyway on the north side of the hotel leading to the owners' residence. The Hotel has hosted many events over the years including receptions, reunions, banquets, card games, golf tournaments, seasonal parties and also catered bar to outside events. The current owner has had the pleasure of operating the hotel for 30 years and is now ready to pass the torch! They have put many years of heart and soul into this establishment, upgrading, remodeling, expanding and caring for this wonderful piece of history.
Recreational opportunities are abundant. Golfing, biking, hiking, boating, kayaking, white water rafting, fishing, waterfowl hunting, game hunting, Burney Falls State Park, Lassen National Park, Mt. Shasta Ski Park, Subway Caves and so much more.


DETAILS: - Consisting or 4 legal parcels, two zoned C-2 (commercial) and two vacant parcels zoned R-1 (residential)
MAIN BUILDING - Main Floor
CAFE - Entry at front of hotel. 6 booths, bar counter with 4 stools, beverage cooler, soda dispenser, coffee station. Aloha point of sale system. Cafe opens to dining room and courtyard.
DINING ROOM - large room with over 1,000sf of open space. Seating for 70. High beamed ceiling with fans. River rock fireplace with sitting area. Wood dance floor. Dining room opens to cafe, lounge and hall to restrooms and stairs to guest rooms.
LOUNGE - Entry at front of hotel, separate from cafe. High ceiling with 525sf of open space. Polished L shaped bar with 12 stools, 3 lower tables seating for 6. River rock fireplace with sitting area. Flat screen TV, keg cooler with 6 taps, wine refrigerator, glass door beverage cooler, soda dispenser, popcorn maker, unique wood tiered liquor shelves, 3 bay stainless sink, workstation, storage cabinets and 8 x 10 storage room. Aloha point of sale system and hotel check in counter.
KITCHEN - Commercial gas range, grill, deep fryer, refrigerators, dishwasher, stainless sinks, stainless prep counter, shelving for pots, pans, dishes, utensils, spices, etc. Linnen storage. Kitchen has separate swing doors to diner and dining room. Employee space and stairs to office.
Also opens to large back area with 8 x 16 dry storage room, 8 x 10 walk in cooler, industrial ice machine and laundry room with three washers and dryers, utility sink, folding counter and storage.
SECOND FLOOR - Coffee station nook in hallway. All rooms have flat screen TV's, mini refrigerator, microwave, coffee maker and hair dryer.
Room 203: Suite -King bed, lounge area, bath w/shower over tub.
Room 204: Two twin beds, bath w/shower over tub
Room 205: Suite - Queen bed, lounge, bath w/shower over tub. Two entry doors.
Room 206: Twin beds, outside bath with shower over tub.
Room 207: Full bed, bath w/tile shower.
Room 208: Suite - Queen bed, lounge, bath w/shower over tub.
Room 209: Family suite - Full bed, two twin beds, bath w/shower over tub, two entry doors.
Room 210: Full bed, bath w/tile shower.
Two doors open to balcony with stairs leading to courtyard and third floor.
THIRD FLOOR: Two suites
Room 301: Queen bed, two twin beds, lounge area with kitchenette, bath w/tile shower.
Room 302: Queen bed, two twin beds, lounge area with kitchenette, two baths.
Both suites open to balcony leading to second floor and courtyard.
OWNERS RESIDENCE - Attached to the back of the main building. Approximately 1300 sf. First floor has living room, kitchen, one bedroom and bath. Back door opens to private deck and yard surrounded by lava rock privacy fence. Entry door opens to cobblestone side alley. You can also pass through into the hotel office. The Second floor has two bedrooms and one bath.
COURTYARD - Access from cafe, and double gate to sidewalk and Main Street. Cobblestone patio area for tables and chairs, seating for 18. Lava rock water feature, lava rock privacy fence, cobblestone walkways lead to additional guest rooms detached from main building.
LOWER COURTYARD ROOMS - Single Story Building: Three suites with same amenities.
Rooms 101-103: Queen bed, lounge area, mini kitchenette, bath w/shower over tub.
SECOND STORY COURTYARD ROOMS - Two Story Building: Two suites with same amenities located on second floor.
Rooms 201-202: Queen bed, lounge area, kitchenette, bath w/shower over tub.
FIRST FLOOR: Single car garage with shop area.
In Addition, there is a trap door in the dining room with stairs leading to a basement with great storage space and houses water heaters and furnace system.
UTILITIES - Power is with PG&E, natural gas, city water and sewer. Enclosed garbage dumpster conveniently located facing the street, yet well camouflaged.
VACANT PARCELS - Also included with the purchase are two vacant parcels. Both zoned residential. One directly behind the hotel facing Mechanic Street and the other across Main Street on the bluff overlooking the beautiful lower valley and the river. This would be an ideal spot for picnic tables and sitting areas for guest to relax and enjoy.
LIQUOR LICENSE
The liquor license and caterer permit are included in purchase price and will be handled in a separate transaction valued at $60,000.
Seller requests proof of funds, non-disclosure agreement and site visit from potential buyer before financial information is disclosed.

Last Agent to Sell the Property

Donna Utterback

California Outdoor Properties License #01199200

Co-Listed By

Sara Small

California Outdoor Properties License #02145262

Last Buyer's Agent

NON MEMBER

Non Member

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,696

Year Built

  • Built in 1935

Home Design

  • Wood Siding
  • Stucco

Listing and Financial Details

  • Assessor Parcel Number 032-190-017,022,023,026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,696

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Directions: In Fall River Mills, turn onto Main Street, the Hotel is on the rght.
  • Prop. Type: Residential Income
  • Year Built: 1935
  • Heating Gas: Natural
  • Building Stories: 3
  • Co List Office Mls Id: sha.1062
  • Co List Office Phone: 707-455-4444
  • Ownership: Seller
  • Subdivision Name: N/A
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Exterior Features

  • Construction Type: Stucco, Wood Siding

Garage/Parking

  • Parking Features: On Street
  • Parking:On Street: Yes

Lot Info

  • Parcel #: 032-190-017,022,023,026
  • Lot Dimensions: .74
  • Zoning Description: NOT AVAILABLE

Rental Info

  • Owner Pays: Advertisement, Electric, Gas, Insurance, Sewer, Water, Garbage, License, Payroll, Real Estate Tax

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2024 07/26/24 Sold $800,000 -13.5% $57 / Sq Ft
04/18/2024 04/18/24 Pending -- -- --
02/09/2024 02/09/24 For Sale $925,000 0.0% $66 / Sq Ft
01/15/2024 01/15/24 Pending -- -- --
10/09/2023 10/09/23 For Sale $925,000 -- $66 / Sq Ft
Source: Shasta Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,696 $253,385 $79,134 $174,251
2023 $2,696 $248,418 $77,583 $170,835
2022 $2,618 $243,548 $76,062 $167,486
2021 $2,559 $238,773 $74,571 $164,202
2020 $2,552 $236,326 $73,807 $162,519
2019 $2,451 $231,693 $72,360 $159,333
2018 $2,550 $227,151 $70,942 $156,209
2017 $2,419 $222,698 $69,551 $153,147
2016 $2,347 $218,333 $68,188 $150,145
2015 $2,300 $215,054 $67,164 $147,890
2014 $2,274 $210,843 $65,849 $144,994
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $385,000 Credit Line Revolving
Previous Owner $75,000 Commercial
Source: Public Records

Deed History

Date Type Sale Price Title Company
Grant Deed $650,000 Cal Sierra Title
Grant Deed -- Arel Justin G
Source: Public Records

Source: Shasta Association of REALTORS®

MLS Number: 23-4117

Shasta Association of REALTORS®

APN: 032-190-023-000