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CLASSIC INN, 29-ROOM HOTEL, SELLER FINANCING AVAILABLE Hospitality investment with owner-operator flexibility in the heart of Red Bluff! Located at 1142 Main Street, the Classic Inn offers 29 guest rooms and approximately 11,072 square feet on a 22,079-square-foot parcel zoned C-3. Improvements include new flooring throughout and five renovated guest rooms, with potential to further enhance the property through additional updates. Offered at $995,000, the property's financial analysis reports annual hotel operating income of $292,384 and net operating income of $109,956, representing an approximately 11.05% cap rate at the asking price. The 2026 pro forma projec...ts income of $301,156 and net operating income of $118,728, equating to an approximately 11.93% pro forma cap rate. These figures reflect hotel operations; returns under the existing operator lease differ. Ownership pays property taxes and insurance. Continue with the existing lease for an income-producing investment, or explore operating the hotel directly. Per the offering memorandum, a buyer may terminate the existing lease with 30 days' written notice, subject to verification of lease terms. Seller financing is available, with terms negotiable. Seller will consider all reasonable offers. An opportunity to acquire an established Main Street hospitality property with income, renovation potential, and flexible ownership options. Buyer to verify financials, lease provisions, square footage, zoning, and permitted uses.

Shasta Association of REALTORS®, MLS#: 26-6480
Listed By: Realty 110, Inc., Nick Kerley
Co-listed By: Kimberly A Moore, kimberly@realty110.com

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Construction Materials

  • Stucco
  • Wood Siding

Parking Features

  • Off Street
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Listed By:
Realty 110, Inc.
Nick Kerley
Kimberly A Moore, kimberly@realty110.com

Data Source: Shasta Association of REALTORS®

MLS#: 26-6480

Data Source Copyright: © 2026 Shasta Association of REALTORS® All rights reserved.

©2026 Shasta Association of REALTORS®. All rights reserved.

This property was listed on 11/6/2026 and last updated as of 11/6/2026 9:10:34 PM. OSI IDX updated the data from Shasta Association of REALTORS® on 11/6/2026 at 6:01 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.