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    Banks

    905 Rio St, Red Bluff, CA 96080-2740

    4,758 SF 0.24 ac lot Built 1924
    Trust Owned 12-yr Hold Absentee Owner Free & Clear
    Property ID
    US09-1360964
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1924
    Construction TILT-UP CONCRETE
    Total area 4,758 SF
    Lot 0.24 ac (10,335 SF)
    Zoning code H-C
    APN 029-314-004-000
    UPID US09-1360964
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Gunsauls,m & L 2014 Trust · 12 yrs held
    Gunsauls,m & L 2014 Trust
    since 2014
    4 recorded transactions
    2014
    2013
    $265,000
    1997
    $185,000
    1993
    $104,000
    Zoning & alternative use
    H-C · Red Bluff, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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