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    3511 Lk Frst 3511 Dr Redding, CA 96003

    For Sale
    Contact for pricing

    Prime Redding location, 0.85 acres, development potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 0.85-acre commercial lot presents a remarkable opportunity in Redding, California. Boasting excellent visibility and accessibility, the property is strategically situated on the corner of Lake Boulevard and Santa Rosa Way, with convenient access from Lake Forest Drive. Its level topography simplifies development, making it ideal for a variety of commercial ventures. The seller has already developed a design concept for a 14-unit multi-family residential project, although this concept has not yet undergone any review or approval process by the City of Redding. This pre-planning offers a significant head start for potential buyers interested in pursuing residential development. The property's prime location on Lake Boulevard ensures high traffic volume and excellent exposure, making it an attractive proposition for businesses seeking strong visibility. The expansive lot size provides ample space for a substantial development, offering flexibility in design and functionality. This is a rare opportunity to acquire a well-positioned commercial lot with significant development potential in a thriving Redding location. Serious inquiries are encouraged. The property is being offered at a price to be determined.

    Property Features for 3511 Lk Frst 3511 Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    37,026 SF
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Redding
    County
    Shasta
    State
    California
    Longitude
    -122.4012
    Latitude
    40.62141

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Redding location, 0.85 acres, development potential.
    Where is this commercial real estate located?
    The property is located at 3511 Lk Frst 3511 Dr Redding, CA.
    (530) 245-1955
    Request Owner's contact information
    3511 Lk Frst 3511 Dr Redding, CA 96003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3511 Lk Frst 3511 Dr Redding, CA 96003
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