$1,085,000
MLS# 22-2963
Status: Closed
10800 sqft
1 / 34
Property Description
7.5%+ CAP RATE! The Market Street Building offers tremendous opportunity to capitalize on Redding's explosive downtown development and revitalization. Premier downtown location next door to the historic Cascade Theatre, this unique building is home to Market Street Blade & Barrel and Market Street Whiskey Bar and is walking distance to restaurants, shopping, and services. Prime 6,000 sf. restaurant space downstairs with over 4,000 sf. of office space upstairs. One of the few downtown buildings with its own 18-space parking lot.
Details
Address Information
Cross Street: Sacramento
State/Province: CA
Postal Code: 96001
County: Shasta
Property Description
List Price: 1375000
Parcel Number: 101-120-024-000
Lot Dim or Acres: 13,352
Sq Ft - Building: 10800
Sq Ft - Lot: 14000
GP Zone: RED MUC - Mixed Use Core
Zoning: RED - SP - Specific Plan Combining District
Year Built Desc: 30+
Current Price: $1,085,000
Area: 04 - SW Redding
Year Built: 1965
Remarks
Public Remarks: 7.5%+ CAP RATE!
The Market Street Building offers tremendous opportunity to capitalize on Redding's explosive downtown development and revitalization. Premier downtown location next door to the historic Cascade Theatre, this unique building is home to Market Street Blade & Barrel and Market Street Whiskey Bar and is walking distance to restaurants, shopping, and services. Prime 6,000 sf. restaurant space downstairs with over 4,000 sf. of office space upstairs. One of the few downtown buildings with its own 18-space parking lot.
Directions: Located on the Southeast corner of Market & Sacramento
Business Type
Office: 1
Retail: 1
Present Use
Food Service: 1
Office: 1
Tavern: 1
Exterior
Stucco: 1
Other: 1
Floors
Wood: 1
Concrete: 1
Tile: 1
Wall to Wall Carpet: 1
Parking
Off Street: 1
On Street: 1
Private: 1
# Private Spaces: 18
Lease Type
Gross: 1
Modified Gross: 1
Lease Term
Varies: 1
Utilities
Gas: 1
Public Water: 1
Sewer: 1
Telephone: 1
Available Terms
1031 Required: 1
All Cash to Seller: 1
Cash: 1
Cash to New Loan: 1
New Loan: 1
Heat/Cool
Central Air: 1
Forced Air: 1
Possession
Close of Escrow: 1
Photo
Agent Upload: 1
Selling Terms
Cash: 1
Contract Information
Status: Closed
Sold Date: 2023-03-13
Under Contract Date: 2023-03-04
Sold Price: $1,085,000
List Date: 2022-06-13
Property Features
Business Type: Office; Retail
Present Use: Food Service; Office; Tavern
Parking: Off Street; On Street; Private
Exterior: Stucco; Other
Lease Term: Varies
Lease Type: Gross; Modified Gross
Floors: Concrete; Tile; Wall to Wall Carpet; Wood
Utilities: Gas; Public Water; Sewer; Telephone
Available Terms: 1031 Required; All Cash to Seller; Cash; Cash to New Loan; New Loan
Photo: Agent Upload
Possession: Close of Escrow
Selling Terms: Cash
IDX
Listing Office: Terence Davis & Associates
Co Office Name: Terence Davis & Associates
Co Listing Agent: Grace Anderson
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.