155 Lake BlvdRedding, CA 96003

Property Details for 155 Lake Blvd

Lot size

1.18 AC

Property type

Retail properties

Property subtype

Retail space

APN

116-160-013-000

APU

116160013000

Description

This exceptional 1,909 square foot retail space in Redding, CA, is ideally situated between Starbucks and Subway on Lake Boulevard, offering unparalleled visibility and accessibility. Located at 155 Lake Blvd, zip code 96003, this Class B property boasts a prime location with easy access to Highway 299 and Interstate 5, ensuring high traffic flow and exposure to a large consumer base. The building, constructed in 1989, is a multi-tenant property with a total of 5,550 square feet, offering ample parking for customers and employees. This creative office space is perfect for businesses seeking high visibility and convenient access to major transportation routes. The property's strategic location provides excellent connectivity to the entire Redding area, tapping into a thriving market. Prominent signage opportunities along the main route to Interstate 5 guarantee maximum brand exposure. This is a rare opportunity to secure a retail space in a well-established area with a strong mix of existing tenants. Don't miss this chance to establish your business in a high-traffic, highly visible location. Shasta County location.

• CAP approach

  CAP return

  Valuation

  6%

  $13,617,223

  6.5%

  $12,569,744

  7%

  $11,671,905

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,494,008

  Geo Method

  $18,494,008

• Alternative Use

  Use

  Valuation

  Residential

  $10,603,050

  Hospitality

  $9,712,336

  Educational

  $8,080,550

  Medical

  $8,358,452

  Retail

  $12,569,744

Location Insight

City

Redding

County

Shasta

State

California

Latitude

40.6103

Longitude

-122.371

CBSA code

39820

CBSA name

REDDING, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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