Multi-Tenant Retail
1852 Buenaventura Boulevard Redding, CA 96001
For Sale
$2,300,000
Shopping center with five tenant units, two buildings, and 53 on-site parking spaces along a primary Redding corridor.
Property Size12,440 SF
Lot Size1.63 Acres
Price / SF$184.89
Days on Market24
Property Features for 1852 Buenaventura Boulevard
General Information
- Standard status
- Active
- Size
- 12,440 SF
- Lot size
- 1.63 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2001
Listing Agency:
(530) 643-7342
Listed By:
Grenvik Group Real Estate
(530) 643-7342
Source:
Grenvikgroup.idxbroker
Added: Jul 1
Changed: Jul 23
Last Checked: Jul 23 at 8:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Grenvik Group Real Estate
Investment Insights
Based on property information with market context.
This multi-tenant shopping center includes two well-maintained commercial buildings at 1852 and 1872 Buenaventura, situated on two parcels totaling approximately 1.63 acres. The Gateway Plaza property is configured with five tenant units and a combined building area of 12,440+/- square feet, including a 7,500+/- square foot building and a 4,940+/- square foot building. The site offers 53 on-site parking spaces and has been updated and professionally maintained, supporting an investor-ready asset with minimal immediate capital improvements.
Located on Buenaventura Boulevard, one of Redding’s primary corridors, the property is positioned for visibility and convenient access. The site provides access from Hwy 273 (S. Market St) and Highway 299, supporting day-to-day ease for tenants and customers. The property is surrounded by established residential communities and complementary businesses.
The combination of five units, two separate buildings, and ample on-site parking provides a practical retail configuration within a high-visibility, accessible location.
Located on Buenaventura Boulevard, one of Redding’s primary corridors, the property is positioned for visibility and convenient access. The site provides access from Hwy 273 (S. Market St) and Highway 299, supporting day-to-day ease for tenants and customers. The property is surrounded by established residential communities and complementary businesses.
The combination of five units, two separate buildings, and ample on-site parking provides a practical retail configuration within a high-visibility, accessible location.
Key Highlights
- Two commercial buildings (1852 & 1872 Buenaventura) on two parcels totaling approx. 1.63 acres
- Gateway Plaza has 5 tenant units and approx. 12,440+/- total building area, split into 7,500+/- SF and 4,940+/- SF buildings
- 53 on‑site parking spaces for tenants and visitors
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $247.8k | $19.92 |
| − Vacancy | −$14.6k | −$1.18 |
| EGI | $233.2k | $18.74 |
| − OpEx | −$70.0k | −$5.62 |
| NOI | $163.2k | $13.12 |
12,440 SF · lease $19.92/SF/yr · vacancy 5.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.33M
$2.04M – $2.72M
NOI $163,229 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.77M
$2.42M – $3.23M
NOI $193,870 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
NUG x Sundial ...
(Bike/Boat/Book/etc) Store
Money Smart Guy
Bank
Richelle Poore Esthetics
Spa & Massage Center
FAQs
What type of property is this?
Shopping center - Shopping center with five tenant units, two buildings, and 53 on-site parking spaces along a primary Redding corridor.
Where is this shopping center located?
The property is located at 1852 Buenaventura Boulevard Redding, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Two commercial buildings (1852 & 1872 Buenaventura) on two parcels totaling approx. 1.63 acres; Gateway Plaza has 5 tenant units and approx. 12,440+/- total building area, split into 7,500+/- SF and 4,940+/- SF buildings; 53 on‑site parking spaces for tenants and visitors
