1000 Walnut StRed Bluff, CA 96080

Property Details for 1000 Walnut St

Year built

1956

Lot size

0.16 AC

Property size (Sq ft)

350 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Auto shops

APN

029-353-006-000

APU

29353006000

Description

This exceptional investment opportunity presents a vacant 2,750 square foot auto shop in Red Bluff, CA. Located on the corner of Walnut and Johnson Streets, this property boasts high visibility and traffic counts. The main building, approximately 2,400 square feet, features three shop doors, ideal for various automotive uses. A secondary 350 square foot building serves as an office. Situated on a 0.15-acre lot, the property includes two buildings, each single-story, built in 1956. The permitted zoning is C-1. The asking price is $275,000, translating to $100 per square foot. The property's APN is 029-353-006. This is a turnkey opportunity for an entrepreneur seeking a well-positioned commercial space in a thriving area. Note that existing business equipment is available for separate purchase. This property is vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $92,724

  6.5%

  $85,592

  7%

  $79,478

• Comparable approach

  Method

  Valuation

  Relative Method

  $125,932

  Geo Method

  $125,932

• Alternative Use

  Use

  Valuation

  Residential

  $72,200

  Hospitality

  $66,135

  Educational

  $55,023

  Medical

  $56,916

  Retail

  $85,592

Location Insight

City

Red Bluff

County

Tehama

State

California

Latitude

40.1746

Longitude

-122.244

CBSA code

39780

CBSA name

RED BLUFF, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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