$2,300,000
Redding, CA 96001
MLS# 26-2639
12440 sqft
1 / 22
Property Description
This exceptional investment opportunity offers two well-maintained commercial buildings (1852 & 1872 Buenaventura) situated on two parcels totaling approximately 1.63 acres in a highly desirable Redding location. The Gateway Plaza property consists of five tenant units with a combined building area of 12,440+/- square feet, that includes a 7,500+/-square-foot building and a 4,940+/-square-foot building. Featuring 53 on-site parking spaces, the property has been updated and professionally maintained, providing investors with a quality asset requiring minimal immediate capital improvements. Located on Buenaventura Boulevard, one of Redding's primary corridors, the property benefits from great visibility, strong traffic counts, and convenient access from Hwy 273 (S. Market St) and Highway 299. Surrounded by established residential communities and complementary businesses, the site has a strategic position that supports tenant demand and long-term value. This rare offering presents an excellent opportunity to acquire a multi-tenant investment in a quality location with strong income-producing potential and future growth opportunities.
Details
Maps
Address Information
Street Suffix: Boulevard
Cross Street: South Market St
Street Number: 1852
Street Name: Buenaventura
State/Province: CA
Postal Code: 96001
County: Shasta
Property Description
List Price: 2300000
Parcel Number: 108-430-061-000
Addl. Parcel Number: 108-430-049
Sq Ft - Building: 12440
Sq Ft - Lot: 71002
GP Zone: AND AG - Agriculture
Zoning: Redding GC General Commercial
Year Built Desc: 21-30 Years
Current Price: $2,300,000
Area: 04 - SW Redding
Year Built: 2001
Remarks
Public Remarks: This exceptional investment opportunity offers two well-maintained commercial buildings (1852 & 1872 Buenaventura) situated on two parcels totaling approximately 1.63 acres in a highly desirable Redding location. The Gateway Plaza property consists of five tenant units with a combined building area of 12,440+/- square feet, that includes a 7,500+/-square-foot building and a 4,940+/-square-foot building. Featuring 53 on-site parking spaces, the property has been updated and professionally maintained, providing investors with a quality asset requiring minimal immediate capital improvements. Located on Buenaventura Boulevard, one of Redding's primary corridors, the property benefits from great visibility, strong traffic counts, and convenient access from Hwy 273 (S. Market St) and Highway 299. Surrounded by established residential communities and complementary businesses, the site has a strategic position that supports tenant demand and long-term value. This rare offering presents an excellent opportunity to acquire a multi-tenant investment in a quality location with strong income-producing potential and future growth opportunities.
Directions: Take South Market Place to Buenaventura Blvd and building will be on the left.
Contract Information
Listing Contract Date: 2026-05-31
Status: Active
List Date: 2026-06-01
Business Type
Office: 1
Retail: 1
Present Use
Mixed: 1
Exterior
Stucco: 1
Roof
Other: 1
Parking
# On Street Spaces: 53
Lease Type
Modified Gross: 1
Lease Term
Varies: 1
Utilities
110V: 1
Public Water: 1
Storm Sewer: 1
Available Terms
Submit: 1
Expense Data Source
Other: 1
Heat/Cool
Central Air: 1
Central Heat: 1
Possession
Close of Escrow: 1
Financial Info
Gross Income $: 244751
Cap Rate: 7
Property Features
Business Type: Office; Retail
Present Use: Mixed
Exterior: Stucco
Roof: Other
Lease Term: Varies
Lease Type: Modified Gross
Expense Data Source: Other
Utilities: 110V; Public Water; Storm Sewer
Available Terms: Submit
Possession: Close of Escrow
IDX
Listing Office: C21 Select Real Estate, Inc.
Last Updated: June - 01 - 2026
Information deemed reliable but not guaranteed.