1040 Cypress AveRedding, CA 96002

Property Details for 1040 Cypress Ave

Lot size

0.63 AC

Property type

Retail properties

Property subtype

Retail space

APN

067-110-049-000

APU

67110049000

Description

Cypress Pointe, located at 1040 E Cypress Ave, Redding, CA 96002, offers a unique opportunity for medical or food service businesses. This Class A, single-story building totaling 6,000 square feet, underwent renovations in 2013. Currently, 3,000 square feet are available for lease, divisible into spaces ranging from 1,500 to 3,000 contiguous square feet. The property features two suites, each equipped with its own restroom, electric and gas meters, and significant existing plumbing. This former Massage Envy location boasts exceptional visibility, situated on an outparcel with direct exposure to a high-traffic commercial corridor. Benefit from prominent signage facing both Cypress Avenue and Churn Creek Road (cross street). The landlord is willing to subdivide the space and offer tenant improvements (TI allowance), subject to credit approval and negotiation. The property is zoned GC and has an APN of 067-110-049. This is an excellent opportunity to establish a thriving business in a highly visible and accessible location within Redding's bustling commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $7,270,114

  6.5%

  $6,710,874

  7%

  $6,231,526

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,873,785

  Geo Method

  $9,873,785

• Alternative Use

  Use

  Valuation

  Residential

  $5,660,874

  Hospitality

  $5,185,330

  Educational

  $4,314,134

  Medical

  $4,462,503

  Retail

  $6,710,874

Location Insight

City

Redding

County

Shasta

State

California

Latitude

40.5715

Longitude

-122.35

CBSA code

39820

CBSA name

REDDING, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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