Redding, CA 96001
$1,085,000
Property Type:
Comm/Industrial
Square Footage:
10,800
Lot Size (sq. ft.):
14,000
Status:
Closed
Current Price:
$1,085,000
List Date:
3/05/2023
Last Modified:
8/31/2024
Description
7.5%+ CAP RATE!
The Market Street Building offers tremendous opportunity to capitalize on Redding's explosive downtown development and revitalization. Premier downtown location next door to the historic Cascade Theatre, this unique building is home to Market Street Blade & Barrel and Market Street Whiskey Bar and is walking distance to restaurants, shopping, and services. Prime 6,000 sf. restaurant space downstairs with over 4,000 sf. of office space upstairs. One of the few downtown buildings with its own 18-space parking lot.
More Information MLS# 22-2963
Address Information
Cross Street: Sacramento
State/Province: CA
Postal Code: 96001
County: Shasta
Property Description
Current Price: $1,085,000
Area: 04 - SW Redding
List Price: 1375000
Parcel Number: 101-120-024-000
Sq Ft - Building: 10800
Sq Ft - Lot: 14000
Lot Dim or Acres: 13,352
GP Zone: RED MUC - Mixed Use Core
Zoning: RED - SP - Specific Plan Combining District
Year Built: 1965
Year Built Desc: 30+
Remarks
Public Remarks: 7.5%+ CAP RATE!
The Market Street Building offers tremendous opportunity to capitalize on Redding's explosive downtown development and revitalization. Premier downtown location next door to the historic Cascade Theatre, this unique building is home to Market Street Blade & Barrel and Market Street Whiskey Bar and is walking distance to restaurants, shopping, and services. Prime 6,000 sf. restaurant space downstairs with over 4,000 sf. of office space upstairs. One of the few downtown buildings with its own 18-space parking lot.
Directions: Located on the Southeast corner of Market & Sacramento
Contract Information
Status: Closed
Sold Date: 2023-03-13
Under Contract Date: 2023-03-04
Sold Price: $1,085,000
List Date: 2022-06-13
Parking
# Private Spaces: 18
Property Features
Business Type: Office; Retail
Present Use: Food Service; Office; Tavern
Parking: Off Street; On Street; Private
Exterior: Stucco; Other
Lease Term: Varies
Lease Type: Gross; Modified Gross
Floors: Concrete; Tile; Wall to Wall Carpet; Wood
Utilities: Gas; Public Water; Sewer; Telephone
Available Terms: 1031 Required; All Cash to Seller; Cash; Cash to New Loan; New Loan
Photo: Agent Upload
Possession: Close of Escrow
Selling Terms: Cash
Listing Office: Terence Davis & Associates
Co Office Name: Terence Davis & Associates
Co Listing Agent: Grace Anderson
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.