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1320 Yuba St

Redding, CA 96001
  • $3,930,000
  • STATUS: Active
  • ON SITE: 278 Days
  • ID#: 23-1963
UPDATED: 11 min ago
$3,930,000
  • 0
    BEDS
  • 0.48
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 24,500
    SQFT
  • $160
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1956
County:

School Ratings & Info

Description

Fully stabilized 93% leased high quality investment building in the heart of Downtown Redding, CA. Just appraised last month for $3,930,000, just $160/SF; the list price is the appraised value. Appraisal cap rate is 7.0%. The building was originally built for Crocker Bank and still has the drive-thru and historic vaults in place. Despite the ''Downtown Core District'' zoning not requiring any parking on site, this parcel features all of the parking to the north of the building which includes 24 spaces and a double drive-thru. Overall office space vacancy in the downtown area is at historic lows with high demand and little inventory. The building exterior has been freshly painted and the exterior tiled facade was just replaced August 2021.

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IDX information © 2024 Shasta Association of Realtors MLS. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2024-02-26T18:59:17.573.

Licensed in the State of California.
www.searchshasta.com/homes/139834021
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1320 Yuba St Redding, CA 96001

  • Price: $3,930,000
  • Status: Active
  • On Site: 278 Days
  • Updated: 11 min ago
  • ID#: 23-1963
0
Beds
0
Baths
0
½ Baths
0.48
Acres
24,500
SQFT
$160
$/SQFT
1956
Built
Neighborhood:
04 - SW Redding
County:
Shasta
Area:
04 - SW Redding
Property Description
Fully stabilized 93% leased high quality investment building in the heart of Downtown Redding, CA. Just appraised last month for $3,930,000, just $160/SF; the list price is the appraised value. Appraisal cap rate is 7.0%. The building was originally built for Crocker Bank and still has the drive-thru and historic vaults in place. Despite the ''Downtown Core District'' zoning not requiring any parking on site, this parcel features all of the parking to the north of the building which includes 24 spaces and a double drive-thru. Overall office space vacancy in the downtown area is at historic lows with high demand and little inventory. The building exterior has been freshly painted and the exterior tiled facade was just replaced August 2021.
Exterior Features

Parking Features Off Street

Property Features

Compensation Disclaimer The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Listing provided courtesy of Chris Haedrich of Capital Rivers Commercial: .


IDX information © 2024 Shasta Association of Realtors MLS. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2024-02-26T18:59:17.573.

Licensed in the State of California.
 
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Wise House Realty | United Realty Group
1823 Court St.
Redding CA, 96003