$2,600,000
Redding, CA 96002
MLS# 22-5653
Status: Closed
14686 sqft
1 / 40
Property Description
Mixed Use Commercial Income Property consisting of five buildings on two parcels. Long term tenants with a gross yearly income of approximately $241,511 and a cap rate of 6.5%. Lots of upside in the rents and expenses for new owner along with room for expansion of undeveloped land.
Details
Maps
Address Information
Cross Street: Churn Creek
Street Number: 1137
Street Name: Hartnell Ave
State/Province: CA
Postal Code: 96002
County: Shasta
Property Description
List Price: 2799900
Parcel Number: 068-400-061 & 062
Lot Dim or Acres: 79,279
Sq Ft - Building: 14686
GP Zone: AND C-1 - General Commercial
Zoning: Redding GC General Commercial
Year Built Desc: 30+
Current Price: $2,600,000
Area: 03 - SE Redding
Remarks
Public Remarks: Mixed Use Commercial Income Property consisting of five buildings on two parcels.
Long term tenants with a gross yearly income of approximately $241,511 and a cap rate of 6.5%. Lots of upside in the rents and expenses for new owner along with room for expansion of undeveloped land.
Directions: Churn Creek Rd to East on Hartnell Ave.
Business Type
Dental: 1
Medical: 1
Mixed: 1
Retail: 1
Present Use
Mixed: 1
Medical/Dental: 1
Office: 1
Restaurant: 1
Service: 1
Parking
Off Street: 1
Possession
Close of Escrow: 1
Selling Terms
Owner Carry 1st: 1
Contract Information
Status: Closed
Sold Date: 2023-08-11
Under Contract Date: 2023-03-16
Sold Price: $2,600,000
List Date: 2022-12-05
Property Features
Business Type: Dental; Medical; Mixed; Retail
Present Use: Medical/Dental; Mixed; Office; Restaurant; Service
Parking: Off Street
Possession: Close of Escrow
Selling Terms: Owner Carry 1st
IDX
Listing Office: Properties by Merit Inc.
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.