1401 Market St, Redding, CA 96001

$540,000
Property Type: Investment Status: Closed
Current Price: $540,000 List Date: 7/22/2019 Last Modified: 9/01/2024

Description

Long time owners retiring. Prime corner in the downtown mall across from the Shasta College building. This mid century (1964-68)classic one story building was designed by a famous Redding Engineering firm. There is a new roof and 2 new rooftop a/c units. The first story is approx. 4700 sq. ft. and approx. 4000 sq. ft. basement. Hard pipe sprinkler system all areas. 400 amp elec serv.

Supplements: Multiple meters, and connections for elect., gas, water and sewer. Up to 6 addresses available. The traffic count is very high. The existing Sandwichery has been at this location 35 years and is on a lease. The basement tenant is used by musicians to practice and is a month to month. The owners want an as-is sale and want to leave the space vacant until sold. There is a private parking lot allowing for future additional floor space expansion if desired. This property may be eligible for the "Opportunity Zoning", check with the City. This was the site of the Historical Temple Hotel. The interior brink wall is from that era. The site has recently been declared historical. Make this potential money maker your own.

More Information MLS# 19-3909

Address Information

Cross Street: Tehama St. Street Number: 1401 Street Name: Market St State/Province: CA Postal Code: 96001 County: Shasta

Property Description

Type: C List Price: 608000 Parcel Number: 101-790-020-000 Lot Dim or Acres: 9,133 Sq Ft - Building: 4700 GP Zone: RED MUC - Mixed Use Core Zoning: AND - C-1 - General Commercial Year Built Desc: 30+ Current Price: $540,000 Area: 01 - NW Redding

Remarks

Public Remarks: Long time owners retiring. Prime corner in the downtown mall across from the Shasta College building. This mid century (1964-68)classic one story building was designed by a famous Redding Engineering firm. There is a new roof and 2 new rooftop a/c units. The first story is approx. 4700 sq. ft. and approx. 4000 sq. ft. basement. Hard pipe sprinkler system all areas. 400 amp elec serv. Directions: On the corner of Market & Tehama St., at the Downtown Mall

Business Type

Mixed: 1 Office: 1 Retail: 1

Present Use

Other: 1 Restaurant: 1

Parking

Common: 1 # On Street Spaces: 4 # Private Spaces: 10

Possession

Close of Escrow: 1

Selling Terms

Conventional: 1

Contract Information

Status: Closed Sold Date: 2020-04-22 Under Contract Date: 2019-07-30 Sold Price: $540,000 List Date: 2019-07-20

Property Features

Business Type: Mixed; Office; Retail Present Use: Restaurant; Other Parking: Common Possession: Close of Escrow Selling Terms: Conventional
Listing Office: California Delta Real Estate
Last Updated: September - 01 - 2024
1401 Market St, Redding, CA 96001- MLS# 19-3909
Information deemed reliable but not guaranteed.

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