2036 Railroad AveRedding, CA 96001

Property Details for 2036 Railroad Ave

Year built

1989

Construction

WOOD

Lot size

0.38 AC

Property size (Sq ft)

6,237 SF

Property type

Medical offices

Property subtype

Medical space

APN

104-190-032-000

APU

104190032000

Description

This exceptional 6,237 square foot freestanding office building in West Redding, California, presents a unique investment opportunity. Currently configured as a nuclear medicine lab, the adaptable design allows for diverse professional uses. The ground floor boasts 13 private offices, a dedicated exam room, a spacious conference room, a break room, four restrooms, a production area, a welcoming reception space, and a substantial lab area. This lab area offers significant flexibility, easily reconfigured into additional offices or a training facility. The building's existing infrastructure, including specialized plumbing and hood ventilation, is a significant advantage for businesses requiring such features. The upper floor comprises two additional private offices, an open area perfect for workstations, and convenient storage space. The property includes a secure, enclosed private parking lot with digital access, ensuring convenience and safety. The seller is open to negotiating additional parking on nearby lots to accommodate higher parking demands, particularly beneficial for medical practices. This property is also available for lease, with further details available through MLS 25-52. The asking price for this versatile and well-equipped building is $1,075,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,124,045

  6.5%

  $1,037,580

  7%

  $963,467

• Comparable approach

  Method

  Valuation

  Relative Method

  $890,519

  Geo Method

  $890,519

• Alternative Use

  Use

  Valuation

  Residential

  $1,286,600

  Hospitality

  $1,178,518

  Educational

  $980,513

  Medical

  $1,014,235

  Retail

  $1,525,243

Location Insight

City

Redding

County

Shasta

State

California

Latitude

40.578

Longitude

-122.392

CBSA code

39820

CBSA name

REDDING, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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