2988 Starlight Blvd Redding, CA 96001

Property Details for 2988 Starlight Blvd

Lot size

13.88 lot acres

Property type

Commercial real estate

APN

104-510-020-000

Description

This exceptional 13.88-acre property in Redding, CA, presents a remarkable opportunity for residential development. Located at 2988 Starlight Blvd and encompassing APN 104-510-020-000, this land is zoned R3, allowing for multi-family construction. The site comprises two parcels: a 12.38-acre lot zoned R-2 (allowing two single-family homes per acre, according to Redding City regulations), and a 1.5-acre lot zoned R-3 (permitting three buildable units per acre, per Redding City regulations). The combined acreage offers significant potential for a mixed-use development, capitalizing on the high demand for housing in Redding. Situated just blocks from downtown Redding, this location benefits from proximity to urban amenities while maintaining a desirable residential setting. Priced at $800,000, this represents a compelling investment opportunity, especially considering comparable land values exceeding $1,000,000 per acre. Redding's vibrant lifestyle, boasting over 300 sunny days annually and its reputation as the "Trails Capital of California" and the "Capital of Kayaking," adds to the property's appeal. This is a rare chance to acquire substantial acreage in the heart of Redding, a city strategically located 162 miles north of Sacramento. The property's zoning and location make it ideal for a variety of residential projects, promising strong returns for the discerning investor.