1101 Twin View BlvdRedding, CA 96003

Property Details for 1101 Twin View Blvd

Year built

1982

Lot size

6.95 AC

Property type

Outlet malls

APN

073-080-041-000

APU

73080041000

Description

This exceptional 51,522-square-foot freestanding building sits on a 5.32-acre lot in Redding, CA (APN 073-080-041-000), offering a compelling owner-user or redevelopment opportunity. Currently vacant, this single-story structure presents significant potential. Its prime location at 1101 Twin View Blvd. benefits from high visibility and easy access to Interstate 5, capitalizing on substantial interstate and tourist traffic. The property's strategic position near major retailers like Tractor Supply Company and Redding Harley Davidson further enhances its appeal. The asking price is $2,950,000, translating to $57.26 per square foot. The surrounding area boasts a large trade area, drawing from a regional population exceeding 400,000. Redding's status as a regional hub for healthcare, banking, professional services, and shopping adds to the property's investment value. Note that proposed fuel and drive-thru locations on an adjacent parcel are not included in this offering. This property is ideal for businesses seeking high visibility and access to a significant consumer base. The site's proximity to Interstate 5 ensures consistent exposure to a large volume of traffic, making it an attractive investment for a variety of commercial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $80,204,384

  6.5%

  $74,034,816

  7%

  $68,746,616

• Comparable approach

  Method

  Valuation

  Relative Method

  $108,928,264

  Geo Method

  $108,928,264

• Alternative Use

  Use

  Valuation

  Residential

  $62,451,136

  Hospitality

  $57,204,904

  Educational

  $47,593,808

  Medical

  $49,230,636

  Retail

  $74,034,816

Location Insight

City

Redding

County

Shasta

State

California

Latitude

40.6246

Longitude

-122.365

CBSA code

39820

CBSA name

REDDING, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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