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    501 Walnut St Red Bluff, CA 96080

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    For Sale
    $599,900

    Established bar with two apartments in downtown Red Bluff.

    Lot size:
    0.03 Acres

    Property Features for 501 Walnut St

    General Information

    Lot size
    0.03 Acres

    Building Details

    Year built
    1910

    Source: Century 21 Select Real Estate, Inc. Agent Jen Spaletta

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Bar with Income Potential

    Tips Bar, a family-operated establishment since 1964, is located in downtown Red Bluff. The property includes a 2,744 sq ft bar space with classic charm and modern systems. The basement is unfinished but functional, featuring an office, liquor storage, and additional workspace. Additionally, there are two 1-bedroom apartments, each approximately 600 sq ft, suitable for rental income or owner occupancy. The property is situated on a corner lot directly across from the Post Office, benefiting from walkable foot traffic due to its proximity to shops, restaurants, and local businesses. Ample street parking and a pedestrian-friendly layout provide easy access.
    Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Palomino Room, Circle K, Enjoy Local: Brewpub, Wine Bar & All things local, Enjoy Local, Tips

    Location Insight

    • Map
    • Local Demand
    City
    Red Bluff
    County
    Tehama
    State
    California
    Longitude
    -122.237904
    Latitude
    40.177054

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    FAQs

    What type of property is this?
    Bar - Established bar with two apartments in downtown Red Bluff.
    Where is this bar located?
    The property is located at 501 Walnut St Red Bluff, CA.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: - Established family-operated bar since 1964.; - Prime downtown location with high visibility and foot traffic.; - 2,744 sq ft bar space with classic charm and modern systems.
    (530) 865-7811
    Request Owner's contact information
    501 Walnut St Red Bluff, CA 96080
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    Red Bluff, CA 96080
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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
    501 Walnut St Red Bluff, CA 96080
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