1335 Yuba StRedding, CA 96001

This exceptional 20,871 square foot commercial land parcel at 1335 Yuba Street in Redding, CA (APN 101-790-038-000) presents a unique investment opportunity. Located in the heart of downtown Redding, this property boasts a prime location and significant upside potential. Currently zoned Redding DCD-SP-BH, allowing for a diverse range of development options, this nearly half-acre lot offers the flexibility to build vertically, accommodating various commercial uses. The property includes 39 parking spaces, generating additional income potential. A significant advantage is the existing lease with AT&T, providing a stable annual income of $17,540, with a 4% yearly rent bump, extending until December 30th, 2032 (8.3 years remaining). This provides a substantial cash flow while development plans are formulated. The property represents one of the last undeveloped parcels in the downtown core, making it a highly sought-after asset for investors seeking a blend of immediate return and long-term growth. This is a rare chance to acquire a strategically positioned commercial property with a proven income stream and immense development possibilities in a thriving downtown area. The property's size and zoning make it ideal for a variety of commercial ventures.