1201 Market St - Restaurant FOR SALE


Redding, CA 96001
$2,888,888 USD
415-515-5349
1201 Market St, Redding, CA for Sale
$2,888,888 USD
Restaurant - FOR SALE
1/40
null | 4.89% Cap Rate

1201 Market St
Redding, CA 96001


HIGHLIGHTS

  • Two Tenants Restaurant Bar Lounge Large Patio Turnkey Move In Ready $7K Start "Making Income Today" Own Your Own Business Like a Bank etc.....
  • High Traffic Hwy 299 (Eureka Way) & Market Street Access to Frwy 5 Hwy 44 Viva Downtown
  • Turnkey Ready to Operate Today Move In Ready NOW!!!
  • Space 1 Patio ±4,050 sqft. Space 2 Patio ±2,600 sqft. Largest In Downtown on a Corner Lot Very High Visibility
  • Redding Downtown Entertainment District Take Your Drinks on the Go Outside

OVERVIEW

Tenant WANTED Space Available Today Move In Ready Income Today 1201-1233 Market St Redding California & 1325 Eureka Way Redding California Retail Restaurant Lounge Bar with Patio Turn Key with ABC License Move In Ready - Restaurant & Lounge with Patio (The Shack Restaurant & Lounge) Corner Building Lot with Very High Visibility Investment Highlights Restaurant Bar Lounge Large Patio Turnkey Move In Ready $7K Start "Making Income Today" Own Your Own Business • High Traffic Hwy 299 (Eureka Way) & Market Street • Turnkey Ready to Operate Today Move In Ready NOW!!! • Two (2) Tenant Possible • #1 Patio ±4,050 sqft. #2 Patio 2 ±2,600 sqft. Largest In Downtown on a Corner Lot Very High Visibility • Gate Way to the Coast Executive Summary 1201-1233 Market St Redding California 1325 Eureka Way Redding California Restaurant & Lounge with Patio (The Shack Restaurant & Lounge) Retail Restaurant Lounge Bar with Patio Turn Key with ABC License Move In Ready Corner Building Lot with Very High Visibility Leasable Space Space Building ±3,104sqft * Patio’s ±7,000sqft Two (2) * Parking Private Lot * Monument Signs – Two (2) Largest In Redding +/- 75 Feet Billboard Digital Coming Under Development 20 ft x 40 ft * Redding’s Largest Outdoor Patio’s #1 ±4,050 sqft. Patio #2 ±2,600 sqft. Rent Roll Addresses #1. 1325 Eureka Way – Redding (Hwy 299) Building ±1,100 sqft *Patio ±4,050sqft. Tenant Occupied "The Shack" Income $10,000. Per Month Lease Until 2033 Option increases to $15,000. per month Income: $10,000 per month #2. 1201 Market Street - Redding (Corner of Market Street & Eureka Way Hwy 299) Building ±2,004 sqft * Patio ±2,600 sqft. Tenant Vacant Move In Ready *Building Sign Vacant Tenant Occupied Income $7,000. Per Month #3. 1211 Market Street- Redding Monument Street Sign One of The Largest In Redding +/- 75 Foot (Red Star) Income: $5,000 per month #4. 1221 Market Street - Redding Monument Street Sign with Arrow +/- 45 Foot (Red Star, Street Sign, Arrow) Income: $2,000 per month #5 1233 Market Street - Redding Billboard Digital 10 ft x 40 ft Income: $7,500 per month Total: Income: $29,500.00 per month Building Exterior & Interior Restriction and Remodel Over $800K Rebuilt 2012 Ground Up Remodeled 2022 to First Class Building In Downtown Corner Lot Very High Visibility Main Hwy 299 to Hwy 5 to Hwy 44 Lease or Possible Sale for Right Price & Terms (Owner Will Carry Financing) Tenant improvement allowance negotiable if needed. Great Opportunity for Culinary School, Cannabis Retail, Pizza Franchise, Take out Franchise, Brewery, Beer Garden, Fast Food Franchise, Beer Garden ect……. Retail, hands-on hospitality entrepreneurs, ideal for weddings, live music, celebrations, corporate and seasonal events. Owner-Operator Lifestyle – Perfect opportunity for hands-on hospitality entrepreneurs, ideal for weddings, live music, celebrations, corporate and seasonal events Great for a Bank, etc...Retail Condition First Class Full Build Out Full Turnkey Property – Fully Operational Restaurant, and Bar Move In Ready Today Fully Operational. Features a fully built-out kitchen with Type 1 hoods, grease traps, and ADA-compliant restrooms, allowing for a quick and cost-effective build-out, while a spacious ±7,000 SF outdoor patio provides excellent opportunities for expanded dining, events, or bar service. Located in Redding’s busiest Retail & Downtown Businesses corridor, the property offers prime Market Street & Eureka Way visibility, excellent signage exposure, and traffic counts exceeding ±200,000 vehicles per day Main to all Frwy to Main Street High Visibility Main Hwy 299 to Hwy 5 to Hwy 44 Full Renovation - Business entity, ABC Liquor License 47 Lease option available as TurnKey Business with Liquor License (Optional) "The Shack" with/or Your New Business Name Preference In Main Street Downtown. "In New Downtown Viva Downtown Redding" Downtown Redding Entertainment Zone "Take Your Drinks on the Streets and From Bar to Bar" Largest Entertainment Zone in California Condition First Class Full Build Out Full Turnkey Property – Fully Operational Restaurant, and Bar Move In Ready Today Fully Operational. Tenant: Historic Location – Originally built in the 1954 “The Shack” with lots of History, Charm and Authentic Character. Restaurant Lounge w/ Outdoor Patio Signage Two (2) Large Signs on the Street with Three Building Signs (Motel and Stardust can be converted to Tenant Owner Business Name) Digital is a Possibility Located in Redding’s busiest retail corridor, the property offers prime Market Street & Hwy 299 visibility, excellent signage exposure, and traffic counts exceeding 200,000 vehicles per day Building Tenants Improvements Already Built Out. It can change to Fit Franchise Style If needed. The Liquor License will have its own value and Run with the Property. Use or nonuse of as an Extra Opportunity Additional Value (Open Negotiation) Equipment Can Be Included in Lease Will Run with the Property Same as Liquor License. May be part of the lease or taken out. Terms (Time) of Lease Open Five (5) Years with Options for more Opportunities 1. Lease of Business with Building (New Franchise) 2. Lease of Building 3. Lease of Building with Equipment, Hood etc… (Move In Ready) 4. Lease of Building with Business and Equipment & Liquor License for a fee 5. Lease Option with Sale of Building Owner Will Finance Options are open for the Right Party.

FOR SALE DETAILS

PRICE

$2,888,888 USD

PRICE/SF

$931 USD /SF

CAP RATE

4.89%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1325 Eureka Way Redding California

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

Entertainment Zone

APN/PARCEL ID

101-290-020-000

ASK ABOUT THIS PROPERTY

Leon DraperDraper, Draper, Draper & Company Inc.More Info
415-515-5349

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Leon DraperDraper, Draper, Draper & Company Inc.More Info
415-515-5349

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.