Property Listing No Longer Available for Sale

6479 Eastside Road, Redding, CA

Industrial for Sale - $1,250,000 - 12,000 Sq. Ft. on 13.5 acres

Property Info

  6479 Eastside Road
  Redding CA 96001
UpdatedOctober 9th, 2013
Building12,000 Sq. Ft.
Land13.5 acres

Property Description

Former Droscher Equipment yard on Eastside Rd. Income plus surplus land. Main building (12,000 SF on +/-3.5 acres of land) is leased to Statewide Safety & Signs. This is a fantastic opportunity for stable, current income plus the opportunity for future development. The property is highly visible from Hwy 273, providing an opportunity for a high-profile industrial/commercial project. Statewide Safety & Signs & generates about $77,000/yr NOI (lease expires in about 4 years). At a 10% return on investment, this portion of the property is valued at $770,000. The remaining 10 acres of surplus land is valued at $480,000, just over $1/SF for industrial land was sewer service. This property will not last long.