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Property profile & analytics
OFF-MARKET Estimated value $4,625,000
Investment properties

1321 Butte St Redding, CA 96001-1064

25,308 SF 0.48 ac lot Built 2015
Individually Owned 4-yr Hold Absentee Owner
Property ID
US09-1088760
Property summary
AI-generated overview

This exceptional 25,308 square foot retail and office building, located at 1321 Butte Street in downtown Redding, California, presents a unique investment opportunity. Built in 2015 and renovated in 2022, the property sits on a 0.49-acre lot and is zoned DCD-SP-BH. The building features a mix of office and retail space, currently offering 1,800 square feet of vacant space. The address is conveniently located near the cross street of Pine Street, in the heart of Redding's business district, ensuring high visibility and accessibility. The available space boasts a flexible layout, ideal for a variety of uses. The front section, perfect for retail, features 12-foot ceilings and 9-foot clear height, allowing for impressive displays and open office configurations. The rear portion provides a more private and functional workspace, including a large workroom, a spacious 14.5-foot-wide private office, and a dedicated restroom. This central location offers businesses a blend of prominent visibility and easy access to the city's amenities and transportation networks. The property's APN is 101-790-004, and it's situated in Shasta County, CA, zip code 96001. This property is a rare find in a thriving downtown area, offering a combination of modern amenities, flexible space, and unparalleled location. Don't miss this chance to secure a prime commercial property in Redding.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2015
Total area 25,308 SF
Lot 0.48 ac (20,908 SF)
APN 101-790-004-000
UPID US09-1088760
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
Current use
Occupant on record · Public records
  • College Options Training Center
  • California Physician Reimbursement Medical Billing Service
  • Continuant - Redding Telecommunications Service
  • Redding Visitors Bureau Travel Agency
  • California Physician Medical Billing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.37M
Comparable Approach Comparable
$4.52M
Blend (final) Blend
$4.63M
Owner & transaction history
Lars Kristianslund · 4 yrs held
Lars Kristianslund
since 2021
Last sale
$4.9M
4 recorded transactions
2021
$4.9M
2021
Price N/A
2011
$383,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $4.2M +42.6%
Medical building $3.6M +21.6%
Retail stores $3.2M +6.6%
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