1201 Market St - Restaurant FOR SALE


Redding, CA 96001
$2,688,888 USD
415-515-5349
1201 Market St, Redding, CA for Sale
$2,688,888 USD
Restaurant - FOR SALE
1/34
null | 5.25% Cap Rate

1201 Market St
Redding, CA 96001


HIGHLIGHTS

  • High Traffic Hwy 299 (Eureka Way) & Market Street
  • Two Tenant Possible
  • Turnkey Ready to Operate Today Move In Ready NOW!!!
  • Patio ±4,050 sqft. Patio 2 ±2,600 sqft. Largest In Downtown on a Corner Lot Very High Visibility

OVERVIEW

Retail Restaurant Lounge Bar with Patio Turn Key with ABC License Move In Ready - Restaurant & Lounge with Patio (The Shack Restaurant & Lounge) Commission & Fee to Brokers Negotiable Paid by Owner Space: 1201 Market Street (Corner of Market Street & Hwy 299 (Eureka Way) & 1325 Eureka Way - Redding California 96001. Two Spaces Patio 1 ±4,050 sqft. Patio 2 ±2,600 sqft. Billboard Coming Soon Space 1. 1325 Eureka Way (Hwy 299) - Redding California 96001. Building ±3,104 Dividable * Patio ±4,050 sqft. * Street Sign (#1 Sign One of The Largest In Redding) 2. 1201 Market Street (Corner of Market Street & Eureka Way Hwy 299) Building ±3,104 Dividable * Patio ±2,600 sqft. *Street Sign (#2 Sign with and Arrow) Billboard Coming Soon: Patio ±4,050 sqft. Patio 2 ±2,600 sqft. Largest In Downtown on a Corner Lot Very High Visibility 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, ect……. Retail Space can be Leased out for Two (2) Different Businesses and or split into two different Spaces. Condition First Class Full Build Out Full Turnkey Property – Fully Operational Restaurant, and Bar Move In Ready Today Fully Operational. The ±3,104 SF interior 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 ±3,000 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 Bar & Restaurant w/ Outdoor Patio – Full-service dining and bar area featuring a large outdoor patio, ideal for seasonal dining and live entertainment Owner-Operator Lifestyle – Perfect opportunity for hands-on hospitality entrepreneurs, ideal for weddings, live music, celebrations, corporate and seasonal events. Please take a look at Restaurant,Lounge, Bar, Patio Full Renovation - Business entity, ABC Liquor License 1201-1221 Market St / 1325 Eureka Way Redding California 96001 Highlights include ±3,100 SF interior restaurant space, ±3,000 SF outdoor patio dining area, turn-key kitchen infrastructure with hoods, grease trap, and ADA restrooms, strong Neighbors Tenancy with national brands, Modified Gross lease immediate availability. $,000.00 per month Modified Gross Lease option available as TurnKey Business with Liquor License (Optional) "The Shack" or Change Rename to Your New Business Name Preference Main Street Downtown. "In New Downtown Viva Downtown Redding" Restaurant Lounge Patio Is In the 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. Historic Location – Originally built in the 1954 “The Shack” with lots of History, Charm and Authentic Character. Rebuilt 2012 Ground Up Remodeled 2024 Restaurant Lounge w/ Outdoor Patio (3,100 sqft approximate – Full-service dining and bar area featuring a large outdoor patio, ideal for seasonal dining and live entertainment Owner-Operator Lifestyle – Perfect opportunity for hands-on hospitality entrepreneurs, ideal for weddings, live music, celebrations, corporate and seasonal events. Signage Two (2) Large Signs on the Street with Three Building Signs (Motel and Stardust can be converted to Tenant Owner Business Name) Ditigal is a Possibility *Private Parking *Outdoor Patio 3000 Square Feet +/- *ABC Liquor Entertainment Zone Outdoor Take Your Drinks on the Streets and From Bar to Bar Open Drinking Viva Downtown Main Street with Patio & Parking Located in Redding’s busiest retail corridor, the property offers prime Market Street & Hwy 299 visibility, excellent signage exposure, and traffic counts exceeding 150,000 vehicles per day Restaurant Lounge will Finance the Right Owner Operator – Terms and Rate Negotiable Building Tenants Improvements Already Built Out. It can change to Fit Franchise Style If needed. The "Patio" "Could be Beer Garden” Outside is Open For Imagination 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. The ±3,100 SF interior features a fully built-out kitchen with Type 1 hoods, grease traps, and ADA-compliant restrooms, allowing for a quick No cost-effective build-out, while a spacious ±3,000 SF outdoor patio provides excellent opportunities for expanded dining, events, or bar service Terms (Time) of Lease Open Five (5) Years with Options Opportunities 1. Lease of Business with Building (Free Standing building Lease) $ Negotiable (New Franchise) 2. Lease of Building (Free Standing building Lease) $ Negotiable (New Franchise) 3. Lease of Building with Equipment, Hood etc… $ Negotiable (Move In Ready) 4. Lease of Building with Business and Equipment & Liquor License Cost (Extra) $ Negotiable 5. Lease Option with Sale of Building Owner Will Finance Options are open for the Right Party. Contact: Telephone & Text: 415.515.5349 Email: drapercompany@gmail.com Restaurant Lounge Bar with Patio (2) Turn Key with ABC License Move In Ready Two (2) Very Large Patio's. On the Corner with the Best Visibility in Redding on Hwy 299 (Eureka Way & Market Street Restaurant & Lounge with Patio (The Shack Restaurant & Lounge) Downtown Redding Entertainment Zone - https://www.google.com/maps/d/viewer?mid=1RWACFR8VlyhIN56oWerXUwuxFJVdOG4&usp=sharing https://www.google.com/maps/d/u/0/viewer?mid=1RWACFR8VlyhIN56oWerXUwuxFJVdOG4&ll=40.58349486432631%2C-122.3939945881449&z=15

FOR SALE DETAILS

PRICE

$2,688,888 USD

PRICE/SF

$866 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

-

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.