100% Occupied Mixed Use Building 1079 Market St 3,918 SF 100% Leased Retail Building Redding, CA 96001 $812,155 CAD ($207.29 CAD/SF)
INVESTMENT HIGHLIGHTS
- High exposure store front retail spaces
- Flexible commercial lease terms - use property for your own business or continue to lease out
- Traffic counts of 16,000 vehicles per day
- Off street private parking lot with 12 spaces
- Residential units upstairs make great apartment or short term rentals
- 100% occupied
EXECUTIVE SUMMARY
3918 SF building with two leased residential apartments upstairs, one 2br, 1 ba and one 1br 1 ba with bonus room and two commercial spaces on the ground floor currently leased on MTM basis below market rent. Occupy one or both of the commercial spaces for your business and lease out the rest for income in your investment portfolio. Each of the 4 units has its own electric meter. Annual Gross Rents: $56,880 GRM 10.28
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,918 SF
Building Class
C
Year Built
1925
Price
$812,155 CAD
Price Per SF
$207.29 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.50
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
DMUD - SP - Downtown Mixed Use District - Specific Plan
Frontage
90’ on Market Street
Walk Score®
Very Walkable (76)
Bike Score®
Biker's Paradise (92)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $696,877 CAD | |
| Land Assessment | $110,033 CAD | Total Assessment | $806,910 CAD |
