202 Hemsted DrRedding, CA 96002

Property Details for 202 Hemsted Dr

Year built

2008

Lot size

1.22 AC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

107-530-013-000

APU

107530013000

Description

This ±5,976 square foot standalone restaurant building in Redding, CA, boasts unparalleled bluff-top dining with expansive Sacramento River and city views. The property includes a spacious indoor dining area, a full bar, and a covered outdoor patio featuring gas fire pits and a pizza oven. A prominent wine cellar is visible from the lobby. The commercial kitchen is equipped with two 10-foot hoods, a walk-in freezer, and a refrigerator. The 1.22-acre lot provides ample space, complemented by 39 parking spaces. Built in 2008, this single-unit restaurant offers a turnkey opportunity. A Type 47 CA Liquor License is available for sale under a separate agreement, along with all furniture, fixtures, and equipment. The property's prime location near Turtle Bay Exploration Park, Sundial Bridge, and Downtown Redding ensures high visibility and accessibility. The asking price is $1,990,000, with a price per square foot of $333.

• CAP approach

  CAP return

  Valuation

  6%

  $14,078,990

  6.5%

  $12,995,991

  7%

  $12,067,706

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,121,150

  Geo Method

  $19,121,150

• Alternative Use

  Use

  Valuation

  Residential

  $10,962,604

  Hospitality

  $10,041,687

  Educational

  $8,354,566

  Medical

  $8,641,892

  Retail

  $12,995,991

Location Insight

City

Redding

County

Shasta

State

California

Latitude

40.5731

Longitude

-122.369

CBSA code

39820

CBSA name

REDDING, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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