$1,980,000
Redding, CA 96001
MLS# 21-4080
Status: Closed
24501 sqft
1 / 21
Property Description
Haedrich & Co., Inc. is pleased to offer for sale 1320 Yuba Street in Redding, California. This 24,500 square foot multi-tenant office building is located in the heart of downtown Redding and is directly adjacent to all of the most recent redevelopment projects downtown. This property is an ideal candidate for an Opportunity Zone project.The building was designed for multiple executive offices, including a fully improved basement. The elevator services the top two floors and the basement level. 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 ...
Details
Maps
Address Information
Cross Street: Pine Street
Street Number: 1320
Street Name: Yuba St
State/Province: CA
Postal Code: 96001
County: Shasta
Property Description
List Price: 2200000
Parcel Number: 101-790-005
Sq Ft - Building: 24501
GP Zone: RED MUC - Mixed Use Core
Zoning: Redding GC-SP General Commercial Specific Plan
Year Built Desc: 30+
Current Price: $1,980,000
Area: 04 - SW Redding
Year Built: 1956
Remarks
Public Remarks: Haedrich & Co., Inc. is pleased to offer for sale 1320 Yuba Street in Redding, California. This 24,500 square foot multi-tenant office building is located in the heart of downtown Redding and is directly adjacent to all of the most recent redevelopment projects downtown. This property is an ideal candidate for an Opportunity Zone project.The building was designed for multiple executive offices, including a fully improved basement. The elevator services the top two floors and the basement level. 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 ...
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.
Business Type
Mixed: 1
Office: 1
Retail: 1
Present Use
Mixed: 1
Office: 1
Retail: 1
Parking
Common: 1
Conforms to Zoning: 1
Off Street: 1
Possession
Close of Escrow: 1
Photo
Agent Upload: 1
Selling Terms
Conventional: 1
Contract Information
Status: Closed
Sold Date: 2022-01-14
Under Contract Date: 2021-09-10
Sold Price: $1,980,000
List Date: 2021-08-27
Property Features
Business Type: Mixed; Office; Retail
Present Use: Mixed; Office; Retail
Parking: Common; Conforms to Zoning; Off Street
Photo: Agent Upload
Possession: Close of Escrow
Selling Terms: Conventional
Supplements
double drive-thru.
The building is 100% leased with majority of the tenants month-to-month and current rents well below market. Overall vacancy in the downtown area is at historic lows and with the building in the center of the downtown Redding Opportunity Zone, there is excellent potential for a full renovation or construction of an additional building or expansion. The building exterior has been freshly painted and the exterior tiled facade was just replaced in August 2021.
IDX
Listing Office: Haedrich & Co., Inc.
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.
