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Property profile & analytics
OFF-MARKET
Land

407 Hemsted Dr Redding, CA 96002

0.72 ac lot
Property ID
Property summary
AI-generated overview

This exceptional offering presents two contiguous commercial lots totaling 0.72 acres within the prestigious Redcliff Business Park in Redding, California. Located at 407 Hemsted Drive and 466 Knollcrest Drive, these parcels are zoned GO - General Office and boast a highly desirable location off North Bechelli Lane, providing easy access to Interstate 5 and Cypress Avenue. The properties feature existing curbs, gutters, and sidewalks, along with flat topography, making them ideal for immediate construction. Each lot is separately deeded, allowing for flexible purchase options: acquire both for $279,000, or purchase 466 Knollcrest Drive individually. The combined acreage offers significant development potential, situated in a thriving office park with low vacancy rates in neighboring buildings. This prime location ensures high visibility and accessibility, making it an attractive investment opportunity for developers and businesses seeking a strategic presence in Redding's vibrant commercial landscape. The APNs are 107-520-023 and 107-520-028. The zip code is 96002, and the properties are situated in Shasta County.

Property profile
Verified
Property type Land
Lot 0.72 ac (31,363 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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