1264 California StRedding, CA 96001

Property Details for 1264 California St

Year built

1895

Construction

CONCRETE

Lot size

0.29 AC

Property size (Sq ft)

5,840 SF

Property type

Retail properties

Property subtype

Auto shops

APN

101-480-050-000

APU

101480050000

Description

This exceptional 7,855 square foot storefront at 1264 California Street in Redding, CA, presents a unique investment opportunity. Located on a prominent corner lot (12,632 sq ft) in the heart of downtown Redding's revitalization zone, this single-story building offers significant potential. Currently configured as retail space, the property boasts ample parking with six off-street spaces, supplemented by abundant free on-street parking. The building's APN is 101-480-050-000. Zoned MUC Multi-Use Core SP-BH (Specific Plan), this property allows for diverse development options, including vertical expansion, catering to a wide range of business ventures. Built over 30 years ago, the asking price is $899,000, translating to $114.45 per square foot. Its prime location and flexible zoning make this a rare find in the downtown area, ideal for both established businesses seeking a high-visibility location and developers envisioning future growth. The property's historic character adds to its appeal, offering a blend of established presence and exciting future possibilities within a thriving urban core. This is a chance to acquire a significant piece of Redding's downtown landscape. The 96001 zip code ensures easy access to the city's amenities and transportation networks.

• CAP approach

  CAP return

  Valuation

  6%

  $1,547,171

  6.5%

  $1,428,158

  7%

  $1,326,146

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,101,265

  Geo Method

  $2,101,265

• Alternative Use

  Use

  Valuation

  Residential

  $1,204,704

  Hospitality

  $1,103,503

  Educational

  $918,101

  Medical

  $949,676

  Retail

  $1,428,158

Location Insight

City

Redding

County

Shasta

State

California

Latitude

40.5862

Longitude

-122.393

CBSA code

39820

CBSA name

REDDING, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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