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Listed by Tyler V Jardine • Capital Rivers Commercial
$ 620,000
Est. payment | /mo
5,952 SqFt
$ 620,000
Est. payment | /mo
5,952 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,952 sqft
Price per Sqft $104
MLS Listing ID 26-2530
Year Built 1983
Lot Size 0.362 Acres
Acres 0.36
Lot Dimensions 0.36
Source Shasta Association of REALTORS®
Property Description
Located at 804 E. Cypress Avenue in Redding, California, this building presents a highly functional opportunity for an owner-occupant to acquire a professional office building at a significant discount to replacement cost. The asset is a 5,952 square foot , two-story office building listed at $620,000. This property allows a buyer to immediately occupy the upper floor while benefiting from a secured income stream from the ground floor tenant.
The building features a vacant, 2,976 square foot second floor. This upper suite includes a waiting and reception area, seven private offices, a break room area, and a substantial conference or training room. The second floor is easily accessed by both an interior and an exterior stairwell, providing flexible entry options for employees or future sub-tenants. Additionally, the property includes a detached 700 square foot garage building onsite, offering secure storage or inventory capacity. The site provides ( ) off-street parking spaces and is zoned HC-BH, Heavy Commercial, which permits a wide variety of commercial uses.
From an investment perspective, this asset is structured to maximize cost efficiency and equity growth. Acquiring the property at a basis near $100 per square foot allows an owner-user to build equity. Furthermore, the ground floor provides immediate debt service coverage as it is fully leased to a stable, long-term tenant through January 2029. Future upside exists through the eventual lease-up of the entire building or by restructuring the ground floor lease upon its expiration.
The building features a vacant, 2,976 square foot second floor. This upper suite includes a waiting and reception area, seven private offices, a break room area, and a substantial conference or training room. The second floor is easily accessed by both an interior and an exterior stairwell, providing flexible entry options for employees or future sub-tenants. Additionally, the property includes a detached 700 square foot garage building onsite, offering secure storage or inventory capacity. The site provides ( ) off-street parking spaces and is zoned HC-BH, Heavy Commercial, which permits a wide variety of commercial uses.
From an investment perspective, this asset is structured to maximize cost efficiency and equity growth. Acquiring the property at a basis near $100 per square foot allows an owner-user to build equity. Furthermore, the ground floor provides immediate debt service coverage as it is fully leased to a stable, long-term tenant through January 2029. Future upside exists through the eventual lease-up of the entire building or by restructuring the ground floor lease upon its expiration.
Location
State CA
County Shasta
Exterior
Parking Features Off Street
Building
Level or Stories NaN
Others
Senior Community No
Tax ID 107-210-039
Nearby Locations
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