Haedrich & Co., Inc. is pleased to offer for sale 1320 Yuba Street in Redding, California. This 24,500 square foot multi-tenant office building is located in the heart of downtown Redding and is directly adjacent to all of the most recent redevelopment projects downtown. This property is an ideal candidate for an Opportunity Zone project.
The building was designed for multiple executive offices, including a fully improved basement. The elevator services the top two floors and the basement level. The building was originally built for Crocker Bank and still has the drive-thru and historic vaults in place. Despite the "Downtown Core District" zoning not requiring any parking on site, this parcel features all of the parking to the north of the building which includes 24 spaces and a double drive-thru.
The building is 100% leased with majority of the tenants month-to-month and current rents well below market. Overall vacancy in the downtown area is at historic lows and with the building in the center of the downtown Redding Opportunity Zone, there is excellent potential for a full renovation or construction of an additional building or expansion. The building exterior has been freshly painted and the exterior tiled facade was just replaced August 2021. This space offers accomodations for: office building.
Pricing: Per Person Pricing
Availability: Now
Listing ID: 3159434
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