Commercial Land with Great Access and Exposure

1642-1710 Churn Creek Road Redding, CA 96002

Redding
FOR SALE
Property Type:
Commercial Land Development
Amount:
$1,280,000
Last Verified:
Oct 24, 2024

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Highlights

  • Improved Cell Tower with Monthly Cashflow
  • Great location for access and exposure.
  • Four separate parcels for development.
  • Traffic Signal Entrance from Churn Creek.
  • Visibility from Churn Creek approximately 20,000 cars per day

Description

Four level commercial parcels zoned general office along Churn Creek Rd. Traffic signal at Churn Creek Rd & Presidio St provides access from Churn Creek into the property along w/access from Canby Rd. Great exposure along Churn Creek. Approximately 20,000 cars per day. Recently improved cell tower on the north parcel with AT&T 5G infrastructure. The 5yr lease with cell company pays $1,600 per month with annual escalations and started in March 2021.

Located along Churn Creek Road in the City of Redding.

Lot Size: 0.0 acres


Documents

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Map of 1642-1710 Churn Creek Road, Redding, CA, 96002

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.