482 E Cypress Ave, Redding, CA 96002
$2,042,000
Property Type:
Investment
Status:
Closed
Current Price:
$2,042,000
List Date:
4/28/2021
Last Modified:
9/01/2024
Description
Redding's premier commercial hard corner at E Cypress Avenue and Bechelli Lane, just west of the Interstate 5 on/off ramps. Property includes 3 parcels with JAS Gas Station and Auto Service (8 pumps), separate storefront retail building, warehouse space and additional residential property with two separate duplexes. Recently completed Phase 1 and Phase 2 ESA reports found properties completely clean. All properties are connected with ingress/egress off Cypress Ave, Bechelli Ln and Grove Street. Zoned general commercial with unlimited possibilities, there are currently multiple buildings with multiple tenants providing exceptional income producing opportunities.
More Information MLS# 20-4170
Address Information
Street Number: 482
Street Name: E Cypress Ave
Cross Street: Bechelli Lane
State/Province: CA
Postal Code: 96002
County: Shasta
Property Description
Current Price: $2,042,000
Type: C
Area: 04 - SW Redding
List Price: 2500000
Parcel Number: 107-370-017, 018, 014
Sq Ft - Building: 10700
GP Zone: RED GC - General Commercial
Zoning: RED - C-2 - Central Commericial District
Year Built Desc: Unknown
Remarks
Public Remarks: Redding's premier commercial hard corner at E Cypress Avenue and Bechelli Lane, just west of the Interstate 5 on/off ramps. Property includes 3 parcels with JAS Gas Station and Auto Service (8 pumps), separate storefront retail building, warehouse space and additional residential property with two separate duplexes. Recently completed Phase 1 and Phase 2 ESA reports found properties completely clean. All properties are connected with ingress/egress off Cypress Ave, Bechelli Ln and Grove Street. Zoned general commercial with unlimited possibilities, there are currently multiple buildings with multiple tenants providing exceptional income producing opportunities.
Directions: At the corner of E Cypress Avenue and Bechelli Lane, immediately west of the I-5 and the Cypress Avenue exit (the primary exit off I-5 for the City of Redding).
Contract Information
Status: Closed
Sold Date: 2021-12-06
Under Contract Date: 2021-06-09
Sold Price: $2,042,000
List Date: 2020-08-25
Property Features
Business Type: See Remarks
Present Use: Mixed; Retail; Service
Parking: Common; Conforms to Zoning; Off Street
Possession: Close of Escrow
Selling Terms: New Loan
Listing Office: Haedrich & Co., Inc.
Last Updated: September - 01 - 2024
Information deemed reliable but not guaranteed.