1340 Hilltop Dr Redding, CA 96003
- Retail space
- 2.64 lot acres
Current Use by Public Records
- Spirit Halloween / Costume Store / Party Store
Property Details for 1340 Hilltop Dr
- Lot size
- 2.64 lot acres
- Property type
- Retail space
- APN
- 107-160-018-000
- APU
- 107160018000
Description
This exceptional retail opportunity in Redding, CA, presents a prime location at 1340 Hilltop Dr, boasting 26,998 square feet of space. Situated in Shasta County, this multi-tenant property offers flexible spaces ranging from a minimum of 8,908 square feet to a maximum contiguous area of 26,988 square feet, accommodating a variety of retail needs. The property benefits from a high-traffic location, directly across from Shasta Mall and featuring I-5 exposure, ensuring excellent visibility and accessibility. Anchored by established national retailers like PetSmart and BevMo!, this center guarantees consistent consumer traffic. The building comprises two suites, providing options for single or multi-tenant occupancy. Redding, the largest city north of Sacramento, serves as a regional hub for Northern California, drawing customers from surrounding counties. This location offers access to a substantial population base and a thriving retail environment, making it an ideal investment for businesses seeking to establish or expand their presence in a dynamic market. The property's strategic placement near major transportation arteries and surrounded by approximately 1.5 million square feet of national anchor tenants, further enhances its appeal and potential for success. This is a rare opportunity to secure a highly visible and well-positioned retail space in one of Northern California's key commercial areas. The property is located near two major hospitals, providing additional foot traffic and a strong local economy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,045,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,430,000
- 6.5%
- $2,525,000
- 7%
- $2,645,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,475,000
- Geo Method
- $2,125,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,570,000
- Retail
- $2,855,000
- Mixed-Use
- $2,215,000
- Hospitality
- $2,400,000
- Educational
- $2,705,000
- Residential Income
- $2,135,000
- Energy
- $2,350,000
- Income-Based Land
- $2,200,000
- Food Service
- $2,740,000
Location Insight
- Map
- Local Demand
- City
- Redding
- County
- Shasta
- State
- California
- Longitude
- -122.359
- Latitude
- 40.5877
- CBSA code
- 39820
- CBSA name
- REDDING, CA METROPOLITAN STATISTICAL AREA
