1320 Yuba St, Redding, CA 96001 (MLS# 23-1963)

$3,930,000

1320 Yuba St
Redding, CA 96001
MLS# 23-1963
24500 sqft

1 / 13

Property Description
Fully stabilized 93% leased high quality investment building in the heart of Downtown Redding, CA. Just appraised last month for $3,930,000, just $160/SF; the list price is the appraised value. Appraisal cap rate is 7.0%. The building was originally built for Crocker Bank and still has the drive-thru and historic vaults in place. Despite the ''Downtown Core District'' zoning not requiring any parking on site, this parcel features all of the parking to the north of the building which includes 24 spaces and a double drive-thru. Overall office space vacancy in the downtown area is at historic lows with high demand and little inventory. The building exterior has been freshly painted and the exterior tiled facade was just replaced August 2021.

Details

Address Information

Street Number: 1320

Street Name: Yuba St

Cross Street: Pine Street

State/Province: CA

Postal Code: 96001

County: Shasta

Property Description

Current Price: $3,930,000

Area: 04 - SW Redding

List Price: 3930000

Parcel Number: 101-790-005-000

Sq Ft - Building: 24500

Sq Ft - Lot: 20909

Lot Dim or Acres: 20,909

GP Zone: RED GO - General Office

Zoning: Redding DCD-SP-BH Downtown Core Specific Plan Mixed Use Building Height

Year Built: 1956

Year Built Desc: 30+

Remarks

Directions: The property is ideally located in Redding's central downtown business district at the northwest corner of Pine and Yuba Streets in downtown Redding, CA.

Contract Information

Status: Active

List Date: 2023-05-23

SO Comm: 3

Commission SO: 3

Commission SO Type: %

Property Features

Business Type: Mixed; Office; Retail

Present Use: Mixed; Office; Retail

Parking: Off Street

Possession: Close of Escrow

Listing Office: Capital Rivers Commercial

Last Updated: March - 26 - 2024

1320 Yuba St, Redding, CA 96001 - MLS# 23-1963

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Information deemed reliable but not guaranteed.