$1,930,000
Redding, CA 96002
MLS# 21-5535
Status: Closed
25000 sqft
1 / 16
Property Description
Excellent investment opportunity consisting of 4 parcels and 4 well-maintained buildings in a great location on the east side of Redding, just off Hilltop Blvd. With a diverse mix of tenants, plenty of private parking spaces and easy to rent smaller suites, vacancy stays pretty low. Over 7% Cap Rate! CB262
Details
Maps
Address Information
Cross Street: Hilltop
Street Number: 610-638
Street Name: Azalea
State/Province: CA
Postal Code: 96002
County: Shasta
Property Description
List Price: 2175000
Parcel Number: 107-020-017-000
Lot Dim or Acres: 20,127
Sq Ft - Building: 25000
SqFt - Bldg Rentable: 24137
GP Zone: RED GC - General Commercial
Zoning: Redding GC-VR-BH General Commercial Visitor Retail Building Height
Year Built Desc: 30+
Current Price: $1,930,000
Area: 03 - SE Redding
Remarks
Public Remarks: Excellent investment opportunity consisting of 4 parcels and 4 well-maintained buildings in a great location on the east side of Redding, just off Hilltop Blvd. With a diverse mix of tenants, plenty of private parking spaces and easy to rent smaller suites, vacancy stays pretty low. Over 7% Cap Rate! CB262
Directions: Azalea Ave is on the west side of hilltop, just south of the mistletoe/hilltop intersection.
Business Type
Dental: 1
Medical: 1
Mixed: 1
Office: 1
Sub Zoning
Conforming: 1
Present Use
Mixed: 1
Beauty: 1
Health: 1
Medical/Dental: 1
Office: 1
Exterior
Wood: 1
Roof
Composition: 1
Parking
On Street: 1
Private: 1
# Private Spaces: 45
Lease Type
Modified Gross: 1
Miscellaneous
Tenants: 1
Lease Term
1 - 2 years: 1
Utilities
Gas: 1
Public Water: 1
Separate Meter: 1
Sewer: 1
Heat/Cool
Central Air: 1
Possession
Close of Escrow: 1
Selling Terms
New Loan: 1
Financial Info
Gross Income $: 273000
Cap Rate: 7.3
Contract Information
Status: Closed
Sold Date: 2022-02-14
Under Contract Date: 2021-12-13
Sold Price: $1,930,000
List Date: 2021-11-20
Property Features
Business Type: Dental; Medical; Mixed; Office
Present Use: Beauty; Health; Medical/Dental; Mixed; Office
Parking: On Street; Private
Sub Zoning: Conforming
Exterior: Wood
Roof: Composition
Lease Term: 1 - 2 years
Lease Type: Modified Gross
Miscellaneous: Tenants
Utilities: Gas; Public Water; Separate Meter; Sewer
Possession: Close of Escrow
Selling Terms: New Loan
IDX
Listing Office: Coldwell Banker Commercial C&C Properties
Last Updated: April - 22 - 2025
Information deemed reliable but not guaranteed.