6818 Depot Lane
About This Property
A rare opportunity to own one of Magalia's most recognizable and historic properties. This 6.18-acre commercial parcel was once home to the original Magalia railroad depot and later the beloved Depot Restaurant, making it a true landmark along the Paradise–Magalia Ridge.
Perched above the Magalia Reservoir, the property offers sweeping, unobstructed views of the West Branch of the Feather River Canyon, Sawmill Peak, and the surrounding foothills-views that are as dramatic as they are memorable.
Strategically positioned at a highly traveled, signalized four-way intersection, the parcel boasts exceptional visibility with frontage on three sides and two corners, creating outstanding exposure for a future commercial, mixed-use, or destination concept. The site features a large, level building area where the former structure stood, along with additional space on the canyon side of Skyway that may offer the potential for a residential component (buyer to verify).
Surrounded by outdoor recreation including hiking, fishing, biking, kayaking, and off-road trails, this one-of-a-kind property blends history, scenery, and opportunity in a location that simply cannot be replicated.
A landmark setting. A commanding view. Endless possibilities.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 5, 2026 | Listed by American Homes and Land | $115,000 | |
| Listed by American Homes and Land | |||
| Dec 4, 2024 | Price Decreased |
$125,000
↓ $35K
(21.9%) | |
| Price Decreased | |||
| Oct 11, 2024 | Relisted | $160,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| May 8, 2024 | Listed | $160,000 | |
| Listed | |||
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HISTORIC DEPOT PROPERTY! 6.18 Acres in the Heart of the Paradise-Magalia Ridge areas. This property was the home of the Magalia railroad depot and was most recently the highly popular "The Depot" Restaurant. Astounding views abound from this property, overlooking the Magalia Reservoir, Feather river canyon's west branch, sawmill peak and more. This is an excellent opportunity to own a great historical piece of land that has ownership on THREE sides of this busy intersection and TWO CORNERS of a four way signalized intersection.. There is enough room on the canyon side of Skyway to potentially build a home in addition to the large flat portion where the previous building was situated. OPPORTUNITY ABOUNDS with this tremendous view, location and unique history of this property. GREAT close proximity to hiking, fishing, biking, off road trails, kayaking and SO MUCH MORE!!! CHECK IT OUT
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017