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Property profile & analytics
FOR LEASE
Super regional malls

1401 Market St Redding, CA 96001

4,625 SF 0.22 ac lot Built 1965
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US09-1603570
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1965
Construction TILT-UP CONCRETE
Total area 4,625 SF
Lot 0.22 ac (9,583 SF)
APN 101-790-020-000
UPID US09-1603570
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
  • Flooring America Carpet & Flooring Store Hardware & Home Improvement
  • Curated Furniture and Decor / Design Services Furniture & Home Goods Home Decor Store
  • Cheyenne Isberg Realtor-Jungle Realty Group Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$480k
CAP Approach CAP
by Request
Comparable Approach Comparable
$507k
Blend (final) Blend
$515k
Owner & transaction history
Market Gateway Holdings LLC · 6 yrs held
Market Gateway Holdings LLC
since 2020
Last sale
$540,000
2 recorded transactions
2020
$540,000
2002
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $515,000 +39.8%
Medical building $445,000 +21.4%
Warehouse, storage $445,000 +21.4%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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