748 Washington StRed Bluff, CA 96080

Property Details for 748 Washington St

Year built

1936

Construction

TILT-UP CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

6,345 SF

Zone code

H-C

Property type

Retail properties

Property subtype

Retail space

APN

029-382-008-000

APU

29382008000

Description

This exceptional 6,345-square-foot storefront at 748 Washington Street in Red Bluff, California, presents a remarkable investment opportunity. Located in the heart of the historic downtown business district, this single-story, 1936-built building offers a unique blend of character and modern potential. Currently operating at 100% occupancy, the property is zoned HC and features a single unit within one building. The expansive space provides flexibility for a variety of uses, with the potential to be divided into two separate business locations due to its dual address configuration. This makes it ideal for entrepreneurs, retailers, or service providers seeking a high-visibility location in a thriving area. The gross lease structure simplifies operations, and the asking price is $269,000. The property's APN is 029-382-008-000. This is a rare chance to acquire a substantial retail space in a desirable and historic Red Bluff location. Don't miss this opportunity to establish your business in a vibrant and growing community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,680,959

  6.5%

  $1,551,654

  7%

  $1,440,822

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,282,966

  Geo Method

  $2,282,966

• Alternative Use

  Use

  Valuation

  Residential

  $1,308,878

  Hospitality

  $1,198,926

  Educational

  $997,492

  Medical

  $1,031,797

  Retail

  $1,551,654

Location Insight

City

Red Bluff

County

Tehama

State

California

Latitude

40.1778

Longitude

-122.236

CBSA code

39780

CBSA name

RED BLUFF, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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