905 Rio StRed Bluff, CA 96080

Property Details for 905 Rio St

Year built

1924

Construction

TILT-UP CONCRETE

Lot size

0.24 AC

Property size (Sq ft)

4,758 SF

Zone code

H-C

Property type

Retail properties

Property subtype

Banks

APN

029-314-004-000

APU

29314004000

Description

Discover a prime investment opportunity: a fully renovated event center located at 905 Rio St, Red Bluff, CA 96080. This 4,758 square foot Class C commercial property, built in 1924 and situated on a 10,324 square foot lot, is currently vacant. Originally transformed in 2015, the building boasts high-end finishes including exquisite Italian marble flooring and stunning Swarovski chandeliers, creating an atmosphere of sophistication and grandeur. The property is equipped with state-of-the-art sound and presentation systems, making it ideal for a variety of uses, including weddings, corporate events, and other special occasions. All furniture, fixtures, and equipment are included in the asking price of $1,090,000. This Core+ investment presents a unique opportunity for a versatile commercial space or an upscale event venue. The location is highly desirable, just one block east of Main Street in Red Bluff, offering excellent visibility and accessibility. This vacant property is ready for immediate occupancy and presents a blank canvas for a discerning investor. The property's size and features make it suitable for a multitude of commercial uses beyond event hosting.

• CAP approach

  CAP return

  Valuation

  6%

  $1,260,520

  6.5%

  $1,163,557

  7%

  $1,080,446

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,711,955

  Geo Method

  $1,711,955

• Alternative Use

  Use

  Valuation

  Residential

  $981,504

  Hospitality

  $899,052

  Educational

  $748,001

  Medical

  $773,726

  Retail

  $1,163,557

Location Insight

City

Red Bluff

County

Tehama

State

California

Latitude

40.1799

Longitude

-122.236

CBSA code

39780

CBSA name

RED BLUFF, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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