For Sale
$650,000

1860 Canby RdRedding, CA 96002

2.7-acre commercial land, prime Redding location.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 2.7-acre commercial land parcel presents a remarkable redevelopment opportunity in Redding, California's thriving commercial district. Located at 1860 Canby Rd, and zoned for commercial use, this property (APN 107-320-016) offers significant potential for a diverse range of developments, including office spaces, retail establishments, or other commercial ventures. Its strategic location provides convenient access via Canby Road, and with minimal infrastructure improvements, it can also be accessed from and potentially receive a Churn Creek address, just 100 yards from the signalized intersection of Mistletoe Lane and Churn Creek Road. All essential utilities, including sewer and water, are readily available underground. Currently, a two-bedroom, two-bathroom house sits on the property, offering potential rental income to offset carrying costs during the development phase. The land is priced at $5.34 per square foot, totaling $650,000. The possibility of owner financing may be available. This infill site represents a compelling investment opportunity in a high-demand area. Further details regarding adjacent businesses are available upon request. The property is privately owned.

Highlights

  • Owner financing available.
  • High-traffic location with excellent visibility.
  • Strong tenant base with long-term leases.
  • Recently renovated with modern amenities.
  • Below-market cap rate offering significant value-add potential.

Property Details for 1860 Canby Rd

Property type
Land
Lot Size (sq. ft)
117,612 SF

Location Insight

City
Redding
County
Shasta
State
California
Latitude
40.5804009
Longitude
-122.3533586
1860 Canby Rd, Redding, California

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1860 Canby Rd
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