Active

1320 Yuba St

Redding CA, 96001

$3,930,000


$160.41 per sqft

Active

24,500 sqft

Commercial

Built in 1956

Fully stabilized 93% leased high quality investment building in the heart of Downtown Redding, CA. Just appraised last month for $3,930,000, just $160/SF; the list price is the appraised value. Appraisal cap rate is 7.0%.

The building was originally built for Crocker Bank and still has the drive-thru and historic vaults in place. Despite the ''Downtown Core District'' zoning not requiring any parking on site, this parcel features all of the parking to the north of the building which includes 24 spaces and a double drive-thru. Overall office space vacancy in the downtown area is at historic lows with high demand and little inventory. The building exterior has been freshly painted and the exterior tiled facade was just replaced August 2021.

23-1963

MLS ID

May 23, 2023

Listed

November 22, 2024

Updated

Map

1320 Yuba St
Redding CA, 96001

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.48 Acres

Other Property Details

Area Name

04 - SW Redding


Days on Market

501


Garage

No


Parking

Off Street


View

No


County

Shasta


Pool

No

Listed by Capital Rivers Commercial, Chris Haedrich,
Listing Contact:  

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Justin Cartwright | CA DRE# 02093872 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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