2010 Pine St, Redding, CA 96001
$775,000
Property Type:
Comm/Industrial
Square Footage:
10,000
Status:
Closed
Current Price:
$775,000
List Date:
11/08/2019
Last Modified:
8/31/2024
Description
INVESTMENT OPPORTUNITY!
Previously a 63 room hotel sitting on 1-acre in Downtown Redding. Great investment for the right buyer looking to restore as a new hotel or build a new construction mixed use project in alignment with the approved Downtown Specific Plan. This property is located in a Qualified Opportunity Zone which has great long-term tax benefits for some buyers.
More Information MLS# 19-5882
Address Information
Street Number: 2010
Street Name: Pine St
Cross Street: Gold St
State/Province: CA
Postal Code: 96001
County: Shasta
Property Description
Current Price: $775,000
Type: C
Area: 01 - NW Redding
List Price: 800000
Parcel Number: 101-750-012-000
Sq Ft - Building: 10000
Lot Dim or Acres: 44,867
GP Zone: AND C-1 - General Commercial
Zoning: AND - C-1 - General Commercial
Year Built Desc: 30+
Remarks
Public Remarks: INVESTMENT OPPORTUNITY!
Previously a 63 room hotel sitting on 1-acre in Downtown Redding. Great investment for the right buyer looking to restore as a new hotel or build a new construction mixed use project in alignment with the approved Downtown Specific Plan. This property is located in a Qualified Opportunity Zone which has great long-term tax benefits for some buyers.
Directions: Take Cypress West to Pine. Go North 3 blocks, the property is on the left. From Market St downtown, go South and the property is on the left on the corner of Market St and Gold St.
Contract Information
Status: Closed
Sold Date: 2020-04-24
Under Contract Date: 2019-11-07
Sold Price: $775,000
List Date: 2019-11-07
Property Features
Business Type: Hotel/Motel
Present Use: Hotel/Motel
Parking: Common; Off Street
Sale Inclusions: Land
Available Terms: All Cash to Seller; Cash; Cash to New Loan
Photo: Agent Upload
Possession: Close of Escrow
Selling Terms: Cash
Listing Office: Venture Properties
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.