Prime Development Opportunity in South West Redding, CA on High-Traffic Corner

1600 Buenaventura Blvd Redding, CA 96001

1600 Buenaventura Blvd, Redding, CA, 96001
1600 Buenaventura Blvd, Redding, CA, 96001 1600 Buenaventura Blvd, Redding, CA, 96001 1600 Buenaventura Blvd, Redding, CA, 96001 1600 Buenaventura Blvd, Redding, CA, 96001 1600 Buenaventura Blvd, Redding, CA, 96001
FOR SALE
Property Type:
Commercial Land Development
Amount:
$1,490,000
Last Verified:
Jan 14, 2025

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Highlights

  • Zoning: Permited for Professional Office, Medical Office, or Dental Office outright.
  • Development Potential: Previous feasibility study for 60 multifamily units, including one and two bedroom configurations by Sharrah Dunlap Sawyer was completed.
  • Ideal Location: Nestled near West Redding’s affluent residential neighborhoods and primary shopping centers.
  • Flexible Purchase Options: Seller open to exploring seller carry, joint ventures, or creative purchase structures.
  • Prime Visibility: Directly across from Placer Heights Shopping Center, anchored by Holiday Market and CVS.
  • High Demand: Strong need for both professional office spaces and residential units in West Redding.
  • Traffic Exposure: High traffic counts of 13,700+ CPD on Placer St and 9,800+ CPD on Buenaventura Blvd

Description

This strategically located commercial land at 1600 Buenaventura Blvd in West Redding offers exceptional opportunities for development. Situated near affluent neighborhoods and across from the bustling Placer Heights Shopping Center, this property is ideal for a variety of uses. Currently zoned for Professional Office, Medical Office, or Dental Office, with prior exploration for multifamily development, it provides flexibility for innovative projects.

Exit Hwy 44 heading West onto Shasta St. Turn Left on Court Street, Right on Placer Street. Property is on the south west corner of Placer Street and Buenaventura Blvd.

Lot Size: 7.52 acres


Documents

1600 Buenaventura Blvd_Sale Brochure

Map of 1600 Buenaventura Blvd, Redding, CA, 96001

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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.