2611 Hilltop DrRedding, CA 96002

Property Details for 2611 Hilltop Dr

Lot size

2.70 AC

Property type

Retail properties

Property subtype

Retail space

APN

107-050-013-000

APU

107050013000

Description

This exceptional 25,761-square-foot retail property, located at 2611 Hilltop Dr in Redding, CA, presents a significant investment opportunity. The single-tenant building, constructed in 1981, sits on a 3.1-acre lot and boasts 153 parking spaces. Its prime location at the intersection of Interstate 5 and Twin View Blvd offers unparalleled visibility and accessibility, benefiting from high interstate traffic counts and year-round tourist traffic drawn to nearby Shasta Lake and Mount Shasta. The property's strategic position within Redding, a regional hub for healthcare, banking, professional services, and shopping, ensures a strong potential for future growth. The entire building is currently vacant, providing a blank canvas for a new tenant or a redevelopment opportunity. The property features one story and is easily accessible from Interstate 5, a major north-south artery extending from Canada to Mexico. The Shasta County location (APN: 107-050-013) offers a strong regional trade area population exceeding 400,000. This is a rare opportunity to acquire a substantial retail space in a high-traffic location with excellent visibility and access. The property's size and location make it ideal for a variety of retail uses. No elevators are present on the single-story building.

• CAP approach

  CAP return

  Valuation

  6%

  $31,158,538

  6.5%

  $28,761,726

  7%

  $26,707,318

• Comparable approach

  Method

  Valuation

  Relative Method

  $42,317,456

  Geo Method

  $42,317,456

• Alternative Use

  Use

  Valuation

  Residential

  $24,261,592

  Hospitality

  $22,223,488

  Educational

  $18,489,682

  Medical

  $19,125,570

  Retail

  $28,761,726

Location Insight

City

Redding

County

Shasta

State

California

Latitude

40.5697

Longitude

-122.358

CBSA code

39820

CBSA name

REDDING, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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