$775,000
Redding, CA 96001
MLS# 19-5882
Status: Closed
10000 sqft
1 / 2
Property Description
INVESTMENT OPPORTUNITY! Previously a 63 room hotel sitting on 1-acre in Downtown Redding. Great investment for the right buyer looking to restore as a new hotel or build a new construction mixed use project in alignment with the approved Downtown Specific Plan. This property is located in a Qualified Opportunity Zone which has great long-term tax benefits for some buyers.
Details
Maps
Address Information
Cross Street: Gold St
Street Number: 2010
Street Name: Pine St
State/Province: CA
Postal Code: 96001
County: Shasta
Property Description
List Price: 800000
Parcel Number: 101-750-012-000
Lot Dim or Acres: 44,867
Sq Ft - Building: 10000
GP Zone: AND C-1 - General Commercial
Zoning: AND - C-1 - General Commercial
Year Built Desc: 30+
Current Price: $775,000
Area: 01 - NW Redding
Remarks
Public Remarks: INVESTMENT OPPORTUNITY!
Previously a 63 room hotel sitting on 1-acre in Downtown Redding. Great investment for the right buyer looking to restore as a new hotel or build a new construction mixed use project in alignment with the approved Downtown Specific Plan. This property is located in a Qualified Opportunity Zone which has great long-term tax benefits for some buyers.
Directions: Take Cypress West to Pine. Go North 3 blocks, the property is on the left. From Market St downtown, go South and the property is on the left on the corner of Market St and Gold St.
Business Type
Hotel/Motel: 1
Present Use
Hotel/Motel: 1
Parking
Common: 1
Off Street: 1
Sale Inclusions
Land: 1
Available Terms
All Cash to Seller: 1
Cash: 1
Cash to New Loan: 1
Possession
Close of Escrow: 1
Photo
Agent Upload: 1
Selling Terms
Cash: 1
Contract Information
Status: Closed
Sold Date: 2020-04-24
Under Contract Date: 2019-11-07
Sold Price: $775,000
List Date: 2019-11-07
Property Features
Business Type: Hotel/Motel
Present Use: Hotel/Motel
Parking: Common; Off Street
Sale Inclusions: Land
Available Terms: All Cash to Seller; Cash; Cash to New Loan
Photo: Agent Upload
Possession: Close of Escrow
Selling Terms: Cash
IDX
Listing Office: Venture Properties
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.