1320 Yuba St Active Save Request In-Person Tour Request Virtual Tour
Redding,CA 96001
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 24,500 sqft
Price per Sqft $160
MLS Listing ID 23-1963
Originating Board Shasta Association of REALTORS®
Year Built 1956
Lot Size 0.480 Acres
Acres 0.48
Lot Dimensions 20,909
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.
Location
State CA
County Shasta
Direction 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.
Exterior
Garage Off Street
Parking Type Off Street
Building
Level or Stories NaN
Others
Senior Community No
Tax ID 101-790-005-000