1420 Butte Street, Redding, CA 96001

Property Description

First time offered for sale, 1420 Butte Street, in the heart of Redding, California's downtown core, is a multi-tenant commercial building with approximately 6,500 square feet directly across from the new Redding Public Market slated to open September 2025, and directly adjacent to the new Whistle Stop park with outdoor stage. This building is currently divided into 4 suites, two of which are occupied (representing approximately 2,500sf), and the remaining 4,000 square feet purposefully kept vacant to provide flexibility to the next owner. Providing an excellent owner occupant opportunity with existing income to lower occupancy costs, or a fantastic investment opportunity, this building has high visibility for both vehicle and foot traffic, not to mention it is located directly next to the downtown parking structure with over 400 parking spaces. Offered at just $225/sf, the building is below recent comparable property sales and well below replacement costs. Rare opportunity to own a commercial building in the heart of it all!