3483-3495 S Market St - Freestanding FOR SALE


Redding, CA 96001
$2,450,000 USD
530-245-1942
3483-3495 S Market St, Redding, CA for Sale
$2,450,000 USD
Freestanding - FOR SALE
1/11
null | 7% Cap Rate

3483-3495 S Market St
Redding, CA 96001


OVERVIEW

Located in the downtown core of Redding this unique property consists of four separate parcels with an area of 2.3 acres. The improvements include a 3 unit ( 6,000 sq.ft. each), building of 18,000 square feet. And a separate building of 970 square feet. The entire property is tenanted and fully leased with long time tenants. It is an opportunity to acquire a strong performing investment with a 7% cap rate to hold for future redevelopment as Redding continues to grow. The current buildings are of concrete construction, and in excellent condition and with modest maintenance will perform well for years to come. There is enough area to support additional buildout.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$132 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

CROSS STREETS

South Market

LAND ACRES

2.3 AC

LAND SF

100,188 SF

ZONING

HC

APN/PARCEL ID

108-030-073-000,108-030-077-000,108-030-078-000,108-030-079-000

ASK ABOUT THIS PROPERTY

Hans MonvikRE/MAX of ReddingMore Info
530-245-1942

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Hans MonvikRE/MAX of ReddingMore Info
530-245-1942

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