1438 Eureka Way, Redding, CA 96001
$750,000
Property Type:
Business Opportunity
Status:
Closed
Current Price:
$750,000
List Date:
3/04/2021
Last Modified:
8/30/2024
Description
Successful business located in the growing Downtown Redding area with excellent exposure along Eureka Way. Well-established furniture and furnishings retail business with vast client list and vendor contacts. The business has shown continued growth in earnings and has stellar Google and Yelp reviews. Owner involved in minimal aspects of the business with management to remain in place. Strong annual revenue with trending growth forecasted. Inventory is NOT included in the asking price. Real estate owned by Sellers and will be open to negotiating a long-term lease.
More Information MLS# 21-917
Address Information
Street Number: 1438
Street Name: Eureka Way
Cross Street: California
State/Province: CA
Postal Code: 96001
County: Shasta
Property Description
Current Price: $750,000
Type: Retail
Area: 01 - NW Redding
List Price: 825000
Parcel Number: 101-290-070-000
Doing Business As: Outwest Furniture
Aprx Square Feet: Less 200
GP Zone: RED MUC - Mixed Use Core
Zoning: RED - Planned Development District
Remarks
Public Remarks: Successful business located in the growing Downtown Redding area with excellent exposure along Eureka Way. Well-established furniture and furnishings retail business with vast client list and vendor contacts. The business has shown continued growth in earnings and has stellar Google and Yelp reviews. Owner involved in minimal aspects of the business with management to remain in place. Strong annual revenue with trending growth forecasted. Inventory is NOT included in the asking price. Real estate owned by Sellers and will be open to negotiating a long-term lease.
Directions: North west corner of Eureka Way and California Street.
Contract Information
Status: Closed
List Date: 2021-03-03
Sold Date: 2021-07-15
Under Contract Date: 2021-03-08
Sold Price: $750,000
Addl Business Info
Age of Business: More than 10 Years
Foot Traffic: Medium
Yr/Present Owner: More than 10 Years
Exclusive Parking: Yes
Property Features
Business Type: Other
Business Hours: 6 Days
Location Description: Business District; Downtown; Frontage; Profit Center
Sale Inclusions: Doing Business As; Equipment; Goodwill; Inventory; Lease Hold Interest; Owner Will Train; Trade Fixtures
Lease Type: Negotiable; Net - Triple
Lease Time: 3 - 5 Years; Negotiable
Miscellaneous: Fire Sprinkler Sys
Available Terms: All Cash to Seller; Cash; Cash to New Loan
Possession: Close of Escrow
Photo: Agent Upload
Selling Terms: New Loan
Listing Office: Haedrich & Co., Inc.
Last Updated: August - 30 - 2024
Information deemed reliable but not guaranteed.