555 Cypress AveRedding, CA 96002

Property Details for 555 Cypress Ave

Year built

1977

Construction

TILT-UP CONCRETE

Lot size

11.34 AC

Property size (Sq ft)

65,920 SF

Property type

Retail properties

Property subtype

Other automotive properties

APN

102-470-018-000

APU

102470018000

Description

This exceptional 2,500 square foot retail property, located at 555 E Cypress Ave, Redding, CA 96002, boasts unparalleled visibility and accessibility. Situated at the intersection of Cypress Avenue and I-5, this prime location benefits from significant daily traffic counts: 40,000 vehicles on Cypress Avenue and an additional 69,000 on I-5 (excluding semi-trucks). The property sits on a 5.29-acre lot (APN 107-040-040, Shasta County) and is zoned GC - General Commercial. Currently occupied, the space offers a desirable drive-thru option with an eight-vehicle stacking lane, ensuring efficient customer service. Ample parking is available for walk-in customers. The strong tenant mix in the immediate vicinity includes well-established businesses such as Leslie's Pool Supplies, Office Depot, Lumberjacks restaurant, and West Marine. This presents a unique opportunity for investors seeking high-exposure retail space in a thriving Redding commercial corridor. The property's cross street is Bechelli Lane. The building is classified as both retail and office, with multiple tenancies.

• CAP approach

  CAP return

  Valuation

  6%

  $17,463,956

  6.5%

  $16,120,575

  7%

  $14,969,105

• Comparable approach

  Method

  Valuation

  Relative Method

  $23,718,386

  Geo Method

  $23,718,386

• Alternative Use

  Use

  Valuation

  Residential

  $13,598,308

  Hospitality

  $12,455,977

  Educational

  $10,363,227

  Medical

  $10,719,634

  Retail

  $16,120,575

Location Insight

City

Redding

County

Shasta

State

California

Latitude

40.5723

Longitude

-122.379

CBSA code

39820

CBSA name

REDDING, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].