$3,930,000
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1320 1320.0 Yuba St Redding, CA 96001
Other
Residence
Beds
Baths
24,500
Sq. Ft.
0.48
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
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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.
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MLS#
23-1963
Property Type
Other
Year Built
1956
Square Feet
24,500
sq. ft
Lot Size
0.48
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