610-638 Azalea, Redding, CA 96002
$1,930,000
Property Type:
Comm/Industrial
Square Footage:
25,000
Status:
Closed
Current Price:
$1,930,000
List Date:
11/23/2021
Last Modified:
4/22/2025
Description
Excellent investment opportunity consisting of 4 parcels and 4 well-maintained buildings in a great location on the east side of Redding, just off Hilltop Blvd. With a diverse mix of tenants, plenty of private parking spaces and easy to rent smaller suites, vacancy stays pretty low. Over 7% Cap Rate! CB262
More Information MLS# 21-5535
Address Information
Street Number: 610-638
Street Name: Azalea
Cross Street: Hilltop
State/Province: CA
Postal Code: 96002
County: Shasta
Property Description
Current Price: $1,930,000
Type: C
Area: 03 - SE Redding
List Price: 2175000
Parcel Number: 107-020-017-000
Sq Ft - Building: 25000
SqFt - Bldg Rentable: 24137
Lot Dim or Acres: 20,127
GP Zone: RED GC - General Commercial
Zoning: Redding GC-VR-BH General Commercial Visitor Retail Building Height
Year Built Desc: 30+
Remarks
Public Remarks: Excellent investment opportunity consisting of 4 parcels and 4 well-maintained buildings in a great location on the east side of Redding, just off Hilltop Blvd. With a diverse mix of tenants, plenty of private parking spaces and easy to rent smaller suites, vacancy stays pretty low. Over 7% Cap Rate! CB262
Directions: Azalea Ave is on the west side of hilltop, just south of the mistletoe/hilltop intersection.
Contract Information
Status: Closed
Sold Date: 2022-02-14
Under Contract Date: 2021-12-13
Sold Price: $1,930,000
List Date: 2021-11-20
Parking
# Private Spaces: 45
Financial Info
Gross Income $: 273000
Cap Rate: 7.3
Property Features
Business Type: Dental; Medical; Mixed; Office
Present Use: Beauty; Health; Medical/Dental; Mixed; Office
Parking: On Street; Private
Sub Zoning: Conforming
Exterior: Wood
Roof: Composition
Lease Term: 1 - 2 years
Lease Type: Modified Gross
Miscellaneous: Tenants
Utilities: Gas; Public Water; Separate Meter; Sewer
Possession: Close of Escrow
Selling Terms: New Loan
Listing Office: Coldwell Banker Commercial C&C Properties
Last Updated: April - 22 - 2025
Information deemed reliable but not guaranteed.