2900 Cascade BlvdShasta Lake, CA 96019

  • Retail properties
  • 1,840 SF
For Sale
$375,000 View listing

Property Details for 2900 Cascade Blvd

Year built
1961
Lot size
0.69 AC
Property size (Sq ft)
1,840 SF
Property type
Retail properties
Property subtype
Other retail properties
APN
075-130-041-000
APU
75130041000

Description

This exceptional commercial property, located at 2900 Cascade Blvd in Shasta Lake, CA 96019, presents a unique investment opportunity. The 1,840 square foot building, constructed in 1961 and extensively renovated in 2020, sits on a generous 2/3-acre lot (30,056 sq ft) and boasts highly desirable I-5 freeway frontage, ensuring exceptional visibility and accessibility. The property is zoned for commercial use and features a single-story building. The versatile floor plan includes separate shop areas, perfect for various business types, complemented by a modern office space. Office amenities include a comfortable lobby, air conditioning, and a large bathroom. This owner-user opportunity is currently vacant and ready for immediate occupancy. The property's prime location, combined with its functional design and recent renovations, makes it an ideal choice for businesses seeking a high-traffic location with excellent freeway access. APN: 075-130-041-000.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $487,465
    6.5%
    $449,968
    7%
    $417,827
  • Comparable approach

    Method
    Valuation
    Relative Method
    $662,042
    Geo Method
    $662,042
  • Alternative Use

    Use
    Valuation
    Residential
    $379,564
    Hospitality
    $347,679
    Educational
    $289,265
    Medical
    $299,213
    Retail
    $449,968
2900 Cascade Blvd, Shasta Lake, California

Location Insight

City
Shasta Lake
County
Shasta
State
California
Latitude
40.661
Longitude
-122.358
CBSA code
39820
CBSA name
REDDING, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,173
$90,132
$98,882
$189,014
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