499 Twin View BlvdRedding, CA 96003

Property Details for 499 Twin View Blvd

Lot size

2.18 AC

Property type

Commercial land

APN

116-040-003-000

APU

116040003000

Description

This exceptional 2-acre commercial land parcel, located at 499 Twin View Blvd, Redding, CA 96003 (APN 116-040-003), presents a unique investment opportunity. Currently zoned for heavy commercial use, as verified by the Redding Planning Map Viewer, this property offers significant potential for a variety of developments. Preliminary plans exist for a 4,800 square foot building. The site boasts readily available water and sewer connections, simplifying the development process. Extensive due diligence has already been undertaken, with completed studies including a Biological Screening Evaluation and a Cultural Resources Inventory Survey. Copies of these comprehensive environmental studies are accessible. Further investigation of the Redding Map Viewer may reveal potential zoning suitability for non-retail or retail cannabis businesses. This property is offered at $299,900 and is available for a 1031 exchange, making it an attractive option for investors seeking tax-advantaged transactions. The seller holds ownership and is eager to facilitate a smooth and efficient closing. Don't miss this chance to acquire a strategically located commercial lot in a thriving Shasta County market.

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $37,422,100

  Retail / Commercial

  $18,764,300

  Mixed-Use / Specialty

  $18,362,100

  Hospitality / Lodging

  $13,035,100

  Office

  $17,903,800

  Institutional / Educational

  $18,969,400

  Residential Income

  $22,194,100

  Multifamily

  $28,477,400

  Automotive / Energy

  $16,259,400

  Parking / Income-Based Land

  $5,942,230

  Restaurant / Food Service

  $8,834,630

  Healthcare / Senior Housing

  $19,173,900

Location Insight

City

Redding

County

Shasta

State

California

Latitude

40.6148

Longitude

-122.373

CBSA code

39820

CBSA name

REDDING, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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