$599,000
MLS# 16-5989
Status: Closed
1 / 9
Property Description
28 Room Motel in the heart of Down Town Redding. Walking distance to shopping, transportation, cafes, entertainment as well as proposed new Multi-Use Development projects. Great opportunity to continue as a Motel or Upgrade, Convert, etc. Financing may be available up to $415,000 O.A.C. *Estimated Yearly NET Income: $82,000. Buyer to verify.
Details
Address Information
Cross Street: Cypress Ave
State/Province: CA
Postal Code: 96001
County: Shasta
Property Description
Property Sub Type: Residential Income
List Price: 650000
Parcel Number: 102-510-019-000
Lot Dim or Acres: 21,498
GP Zone: NOT AVAILABLE
Zoning: AND - C-1 - General Commercial
Year Built Desc: 30+
Stories: 2
Current Price: $599,000
Area: 01 - NW Redding
Subdivision: N/A
Year Built: 1949
Remarks
Public Remarks: 28 Room Motel in the heart of Down Town Redding. Walking distance to shopping, transportation, cafes, entertainment as well as proposed new Multi-Use Development projects. Great opportunity to continue as a Motel or Upgrade, Convert, etc. Financing may be available up to $415,000 O.A.C. *Estimated Yearly NET Income: $82,000. Buyer to verify.
Directions: From Cypress, make a right on Pine St, left on Lincoln St, left on Market St, property is on left next to Kahunas Mongolian BBQ.
Unit Type
5 or More: 1
Sub Zoning
Commercial: 1
Parking
Off Street: 1
Unit Description
1 Bedroom: 1
Ownership
Seller: 1
Available Terms
All Cash to Seller: 1
Cash: 1
Cash to New Loan: 1
Submit: 1
Possession
Close of Escrow: 1
Selling Terms
Cash: 1
Contract Information
Status: Closed
List Date: 2017-01-31
Sold Date: 2017-04-28
Under Contract Date: 2017-04-14
Sold Price: $599,000
Property Features
Unit Type: 5 or More
Sub Zoning: Commercial
Parking: Off Street; Off Street
Unit Description: 1 Bedroom
Ownership: Seller
Available Terms: All Cash to Seller; Cash; Cash to New Loan; Submit
Possession: Close of Escrow
Selling Terms: Cash
IDX
Listing Office: DROZ CORPORATION
Last Updated: August - 30 - 2024
Information deemed reliable but not guaranteed.