3075 Crossroads DrRedding, CA 96003

Property Details for 3075 Crossroads Dr

Year built

2004

Property size (Sq ft)

6,934 SF

Property type

Other commercial real estate

Description

This exceptional commercial investment opportunity in Redding, CA presents two buildings on a single parcel at 3075 and 3077 Crossroads Drive, totaling 6,934 square feet. Currently housing a long-term tenant with a recently renewed lease, this property offers immediate and reliable cash flow with minimal landlord responsibilities. The buildings are configured into three units, but possess the potential for conversion into four, providing significant flexibility for future expansion or leasing strategies. Building 3075 Crossroads comprises 2,175 square feet of office space and 1,025 square feet of warehouse space, while building 3077 Crossroads offers 1,644 square feet of office space and 2,090 square feet of warehouse space. Both buildings feature a desirable mix of office areas, warehouse space equipped with roll-up doors, and mezzanines, catering to a diverse range of potential tenants. The property's prime commercial location ensures excellent visibility and accessibility. This turnkey investment is ideally suited for a 1031 exchange, allowing investors to defer capital gains taxes while acquiring a stable, income-generating asset. The low-maintenance nature of this property, coupled with a reliable, long-term tenant, promises consistent and worry-free cash flow. This is a rare opportunity to acquire a well-established, income-producing property with significant upside potential. Priced at $990,000.

Location Insight

City

Redding

County

Shasta

State

California

Latitude

40.5608

Longitude

-122.297

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