Multi-Tenant Shopping Center with
For Sale
$2,250,000
1852 Buenaventura, Redding, CA 96001
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 Market92
Property Features for 1852 Buenaventura
General Information
Standard status
Active
Size
12,440 SF
Total Parking Spaces
53
Lot size
1.63 Acres
Additional Details
Highway Access
Yes
Building Details
Year Built
2001
Tenancy
Multi
Listing Agency:
Century 21 Select Real Estate, Inc.
Listed By:
Kimberly Shaffer · License #01415693
(530) 345-6618
Source:
Myfabuloushome
Added: Jul 20
Changed: Oct 12
Last Checked: Oct 7 at 5:16PM
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.
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$163,229
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,264,580
$3.3M
Cap Rate 7%
$2,331,843
$2.3M
Cap Rate 9%
$1,813,656
$1.8M
Market Conditions
NOI Build-Up for 12,440 SF
Gross rent
$247.8K $19.92/SF
− Vacancy
−$14.6K −$1.18/SF
EGI
$233.2K $18.74/SF
− OpEx
−$70.0K −$5.62/SF
NOI
$163.2K $13.12/SF
Area
Shasta County, CA
Vacancy
5.90%
Lease Rate
$19.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,264,580
Cap Rate 7%
$2,331,843
Cap Rate 9%
$1,813,656
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 authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
22k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 47%
Jack in the Box
Dining
11,869 visits/mo
0.3 miles
AMPM
Shops & Services
10,488 visits/mo
0.3 miles
Demographics for 96001, CA
33,914
Population
14,370
Households
2.4
Avg Household Size
42
Median Age
28%
College-Educated
93%
High-School Grad
72.4 sq mi
ZIP Area
468
Density / Sq Mi
$70,594
Median Household Income
$42,316
Median Earnings
$1,238
Median Rent
$385,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
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 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
