Property profile

2681 Hartnell Ave Redding, CA 96002

FOR SALE
Commercial land
Property ID
US09-0163493
1.8 ac lot
Trust Owned 21-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard
No photos on file
For Sale
$450,000
2681 Hartnell Ave, Redding, CA 96002
View Listing →

Property summary

AI-generated overview

This exceptional 2.2-acre commercial land parcel presents a remarkable opportunity for multi-family development in East Redding, CA. Located at 2681 Hartnell Avenue, this property boasts a desirable RM-12 zoning designation, allowing for the construction of up to 26 units, subject to necessary entitlements and potential density bonuses. The site comprises two mostly level parcels, simplifying development. Conveniently situated near schools and grocery stores, this location offers excellent accessibility and appeal to potential residents. City water, sewer, and electrical services are readily available at the street, streamlining infrastructure connections. Preliminary reviews suggest the land is not located within any floodplains, floodways, or waterways. The APN is 110-020-009, 008. This straightforward raw land is ready for immediate development, making it an ideal investment for experienced developers seeking a prime location in a thriving community. The asking price is $450,000.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.8 ac (78,408 SF)
APN 110-020-009-000
UPID US09-0163493

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2681 Hartnell Ave Redding, CA 96002
Redding metro Census 11403 REDDING, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2005
5 recorded transactions
2005
$340,000
2004
$237,000
2004
Price N/A
2004
$120,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message