Property profile

3511 Lk Frst 3511 Dr Redding, CA 96003

OFF-MARKET
Commercial real estate
0.85 ac lot
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Property summary

AI-generated overview

This exceptional 0.85-acre commercial lot presents a remarkable opportunity in Redding, California. Boasting excellent visibility and accessibility, the property is strategically situated on the corner of Lake Boulevard and Santa Rosa Way, with convenient access from Lake Forest Drive. Its level topography simplifies development, making it ideal for a variety of commercial ventures. The seller has already developed a design concept for a 14-unit multi-family residential project, although this concept has not yet undergone any review or approval process by the City of Redding. This pre-planning offers a significant head start for potential buyers interested in pursuing residential development. The property's prime location on Lake Boulevard ensures high traffic volume and excellent exposure, making it an attractive proposition for businesses seeking strong visibility. The expansive lot size provides ample space for a substantial development, offering flexibility in design and functionality. This is a rare opportunity to acquire a well-positioned commercial lot with significant development potential in a thriving Redding location. Serious inquiries are encouraged. The property is being offered at a price to be determined.

Property profile

Verified
Property type Commercial real estate
Lot 0.85 ac (37,026 SF)

Cap rate & NOI

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

Location

3511 Lk Frst 3511 Dr Redding, CA 96003
Redding metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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
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