905 Rio St Red Bluff, CA 96080-2740
- Banks
- 4,758 SF
- 0.24 lot acres
Current Use by Public Records
- Banks
Property Details for 905 Rio St
- Year built
- 1924
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.24 lot acres
- Property size
- 4,758 SF
- Zone code
- H-C
- Property type
- Banks
- APN
- 029-314-004-000
- APU
- 29314004000
Description
Discover a prime investment opportunity: a fully renovated event center located at 905 Rio St, Red Bluff, CA 96080. This 4,758 square foot Class C commercial property, built in 1924 and situated on a 10,324 square foot lot, is currently vacant. Originally transformed in 2015, the building boasts high-end finishes including exquisite Italian marble flooring and stunning Swarovski chandeliers, creating an atmosphere of sophistication and grandeur. The property is equipped with state-of-the-art sound and presentation systems, making it ideal for a variety of uses, including weddings, corporate events, and other special occasions. All furniture, fixtures, and equipment are included in the asking price of $1,090,000. This Core+ investment presents a unique opportunity for a versatile commercial space or an upscale event venue. The location is highly desirable, just one block east of Main Street in Red Bluff, offering excellent visibility and accessibility. This vacant property is ready for immediate occupancy and presents a blank canvas for a discerning investor. The property's size and features make it suitable for a multitude of commercial uses beyond event hosting.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $345,000
- 6.5%
- $345,000
- 7%
- $305,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $350,000
- Geo Method
- $265,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $300,000
- Retail
- $345,000
- Mixed-Use
- $335,000
- Hospitality
- $325,000
- Educational
- $320,000
- Residential Income
- $315,000
- Energy
- $280,000
- Income-Based Land
- $310,000
- Food Service
- $310,000
Location Insight
- Map
- Local Demand
- City
- Red Bluff
- County
- Tehama
- State
- California
- Longitude
- -122.236
- Latitude
- 40.1799
- CBSA code
- 39780
- CBSA name
- RED BLUFF, CA MICROPOLITAN STATISTICAL AREA