Multi-Tenant Shopping Center with
1852 Buenaventura Blvd Redding, CA 96001
1852 Buenaventura Blvd, Redding, CA, 96001
$2,250,000
For Sale
$2,250,000
Five tenant units across two updated buildings with 53 on-site parking spaces.
Property Size12,440 SF
Lot Size1.63 Acres
Price / SF$180.87
Days on Market51
Property Features for 1852 Buenaventura Blvd
General Information
- Standard status
- Active
- Size
- 12,440 SF
- Lot size
- 1.63 Acres
Listing agency
Century 21 Select Real Estate, Inc.
(530) 680-7685
Listed by
Kimberly Shaffer · License #01415693
(530) 680-7685
Source
Exprealty
Added: Jun 1 Updated: Jul 21 at 9:35AM Checked: Jul 21 at 9:35AM
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 Century 21 Select Real Estate, Inc.
Investment Insights
Based on property information with market context.
This shopping center includes two well-maintained commercial buildings, located on two parcels, with a total of five tenant units. The Gateway Plaza property comprises a 7,500+/- square-foot building and a 4,940+/- square-foot building, totaling 12,440+/- square feet of building area. The property offers 53 on-site parking spaces and is described as updated and professionally maintained.
Gateway Plaza is located on Buenaventura Boulevard in Redding, one of the area’s primary corridors. The site provides convenient access from Hwy 273 (S. Market St) and Highway 299 and is surrounded by established residential communities and complementary businesses.
For sale as a multi-tenant investment, the property is positioned as an income-producing retail asset with reduced immediate capital improvement needs, according to the seller.
Gateway Plaza is located on Buenaventura Boulevard in Redding, one of the area’s primary corridors. The site provides convenient access from Hwy 273 (S. Market St) and Highway 299 and is surrounded by established residential communities and complementary businesses.
For sale as a multi-tenant investment, the property is positioned as an income-producing retail asset with reduced immediate capital improvement needs, according to the seller.
Key Highlights
- Two commercial buildings at 1852 and 1872 Buenaventura on two parcels totaling approx. 1.63 acres
- Gateway Plaza includes five tenant units across 12,440+/- total SF (7,500+/- SF and 4,940+/- SF buildings)
- 53 on‑site parking spaces for tenant and customer access
Local 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 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.77M
$2.42M – $3.23M
NOI $193,870 @ 7.0% cap · market cap 8.62%
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
Similar For Sale Nearby
FAQs
What type of property is this?
Shopping center - Five tenant units across two updated buildings with 53 on-site parking spaces.
Where is this shopping center located?
The property is located at 1852 Buenaventura Blvd Redding, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Two commercial buildings at 1852 and 1872 Buenaventura on two parcels totaling approx. 1.63 acres; Gateway Plaza includes five tenant units across 12,440+/- total SF (7,500+/- SF and 4,940+/- SF buildings); 53 on‑site parking spaces for tenant and customer access
