3390 Market StRedding, CA 96001

Property Details for 3390 Market St

Year built

1956

Construction

TILT-UP CONCRETE

Lot size

0.36 AC

Property type

Retail properties

Property subtype

Super regional malls

APN

108-030-020-000

APU

108030020000

Description

This exceptional property at 3390-3424 South Market Street offers 10,620 square feet of versatile industrial and office space, ideally situated on a high-traffic street. The building is divided into four individual suites, each offering a unique blend of functionality and convenience. Units range from a minimum of 702 square feet to a maximum contiguous space of 2,698 square feet, providing flexibility for businesses of various sizes. Each suite boasts a storefront/waiting room area, perfect for client interaction, and includes private restrooms for added privacy and convenience. The industrial aspect is highlighted by the inclusion of a high-quality roll-up door in each bay, facilitating efficient loading and unloading of shipments. The units are adaptable to suit diverse business needs, with the option to lease individually or combine multiple suites for larger operations. Temperature control is managed effectively through a swamp cooler system. This prime location on South Market Street offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a blend of office and warehouse functionality. The property's design and features cater to a wide range of commercial enterprises, providing a practical and efficient workspace. The adaptable layout and multiple unit options ensure a customizable solution to meet specific business requirements.

• CAP approach

  CAP return

  Valuation

  6%

  $4,154,313

  6.5%

  $3,834,750

  7%

  $3,560,840

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,642,112

  Geo Method

  $5,642,112

• Alternative Use

  Use

  Valuation

  Residential

  $3,234,755

  Hospitality

  $2,963,018

  Educational

  $2,465,196

  Medical

  $2,549,978

  Retail

  $3,834,750

Location Insight

City

Redding

County

Shasta

State

California

Latitude

40.5639

Longitude

-122.388

CBSA code

39820

CBSA name

REDDING, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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