2611 Hilltop Dr Redding, CA 96002-1020
- Retail space
- 2.70 lot acres
Current Use by Public Records
- Heating And Air Conditioning / Hvac Contractor / Air Conditioning Contractor
Property Details for 2611 Hilltop Dr
- Lot size
- 2.70 lot acres
- Property type
- Retail space
- APN
- 107-050-013-000
- APU
- 107050013000
Description
This exceptional 25,761-square-foot retail property, located at 2611 Hilltop Dr in Redding, CA, presents a significant investment opportunity. The single-tenant building, constructed in 1981, sits on a 3.1-acre lot and boasts 153 parking spaces. Its prime location at the intersection of Interstate 5 and Twin View Blvd offers unparalleled visibility and accessibility, benefiting from high interstate traffic counts and year-round tourist traffic drawn to nearby Shasta Lake and Mount Shasta. The property's strategic position within Redding, a regional hub for healthcare, banking, professional services, and shopping, ensures a strong potential for future growth. The entire building is currently vacant, providing a blank canvas for a new tenant or a redevelopment opportunity. The property features one story and is easily accessible from Interstate 5, a major north-south artery extending from Canada to Mexico. The Shasta County location (APN: 107-050-013) offers a strong regional trade area population exceeding 400,000. This is a rare opportunity to acquire a substantial retail space in a high-traffic location with excellent visibility and access. The property's size and location make it ideal for a variety of retail uses. No elevators are present on the single-story building.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,900,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,830,000
- 6.5%
- $2,065,000
- 7%
- $1,755,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,195,000
- Geo Method
- $2,175,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,925,000
- Retail
- $1,855,000
- Mixed-Use
- $1,660,000
- Hospitality
- $1,950,000
- Educational
- $1,815,000
- Residential Income
- $2,085,000
- Energy
- $1,850,000
- Income-Based Land
- $1,685,000
- Food Service
- $2,070,000
Location Insight
- Map
- Local Demand
- City
- Redding
- County
- Shasta
- State
- California
- Longitude
- -122.358
- Latitude
- 40.5697
- CBSA code
- 39820
- CBSA name
- REDDING, CA METROPOLITAN STATISTICAL AREA
