1401 Market StRedding, CA 96001

Property Details for 1401 Market St

Year built

1965

Construction

TILT-UP CONCRETE

Lot size

0.22 AC

Property size (Sq ft)

4,625 SF

Property type

Retail properties

Property subtype

Super regional malls

APN

101-790-020-000

APU

101790020000

Description

This exceptional Class A property, located at 1401 Market Street in Redding, California (96001), offers a unique opportunity for businesses seeking a vibrant downtown presence. The building, constructed in 1965 and extensively renovated in 2021, boasts 8,897 square feet across two stories. Multiple tenancy options are available, with spaces ranging from a minimum of 1,296 square feet to a maximum contiguous space of 2,654 square feet. The property features a 9% load factor and ample parking with 12 spaces available. Situated on a 0.21-acre lot, its zoning (DCD-SP-BH - Downtown Mixed-Use Specific Plan) allows for diverse uses. The building benefits from a prime location at the north gateway of the downtown promenade, enjoying high visibility with over 16,000 cars passing daily. Recent renovations include a stunning new exterior and a modern interior, featuring large windows for abundant natural light. The property's proximity to the future Downtown Redding sign further enhances its visibility and appeal. This is an ideal space for businesses seeking a high-profile location in the heart of Redding's revitalized downtown area. The address is 1401 Market St, Redding, CA, near Tehama Street. Shasta County.

• CAP approach

  CAP return

  Valuation

  6%

  $1,225,285

  6.5%

  $1,131,032

  7%

  $1,050,244

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,664,101

  Geo Method

  $1,664,101

• Alternative Use

  Use

  Valuation

  Residential

  $954,068

  Hospitality

  $873,921

  Educational

  $727,092

  Medical

  $752,098

  Retail

  $1,131,032

Location Insight

City

Redding

County

Shasta

State

California

Latitude

40.5853

Longitude

-122.391

CBSA code

39820

CBSA name

REDDING, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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