1401 Market St Redding, CA 96001
- Super regional malls
- 4,625 SF
- 0.22 lot acres
Current Use by Public Records
- Flooring America / Flooring Store
- Curated Furniture and Decor / Design Services / Furniture Store / Art Dealer
- Cheyenne Isberg Realtor-Jungle Realty Group / Real Estate Agent
Property Details for 1401 Market St
- Year built
- 1965
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.22 lot acres
- Property size
- 4,625 SF
- Property type
- Super regional malls
- APN
- 101-790-020-000
- APU
- 101790020000
Description
This exceptional Class A property, located at 1401 Market Street in Redding, California (96001), offers a unique opportunity for businesses seeking a vibrant downtown presence. The building, constructed in 1965 and extensively renovated in 2021, boasts 8,897 square feet across two stories. Multiple tenancy options are available, with spaces ranging from a minimum of 1,296 square feet to a maximum contiguous space of 2,654 square feet. The property features a 9% load factor and ample parking with 12 spaces available. Situated on a 0.21-acre lot, its zoning (DCD-SP-BH - Downtown Mixed-Use Specific Plan) allows for diverse uses. The building benefits from a prime location at the north gateway of the downtown promenade, enjoying high visibility with over 16,000 cars passing daily. Recent renovations include a stunning new exterior and a modern interior, featuring large windows for abundant natural light. The property's proximity to the future Downtown Redding sign further enhances its visibility and appeal. This is an ideal space for businesses seeking a high-profile location in the heart of Redding's revitalized downtown area. The address is 1401 Market St, Redding, CA, near Tehama Street. Shasta County.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $415,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $395,000
- 6.5%
- $375,000
- 7%
- $365,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $355,000
- Geo Method
- $345,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $320,000
- Retail
- $405,000
- Mixed-Use
- $420,000
- Hospitality
- $335,000
- Educational
- $360,000
- Residential Income
- $335,000
- Energy
- $325,000
- Income-Based Land
- $395,000
- Food Service
- $330,000
Location Insight
- Map
- Local Demand
- City
- Redding
- County
- Shasta
- State
- California
- Longitude
- -122.391
- Latitude
- 40.5853
- CBSA code
- 39820
- CBSA name
- REDDING, CA METROPOLITAN STATISTICAL AREA
