$500,000

Ideally located mixed-use commercial land in Downtown Redding, CA ready for development. Consisting of 1/4 of a full commercial block, this approximately 0.52 acre parcel is located within an opportunity zone and can be purchased separately or with the neighboring parcel for a total of approximately 1.55 acres. And with the flexible zoning 'Downtown Mixed Use District - Specific Plan Overlay - Building Height Overlay' and excellent visibility between Downtown Redding's busiest streets, Market Street and Pine Street, the property is perfect for many development options and uses. Not to mention, the prior use on the property was the Redding Inn Motel which provides development fee credits totaling over $100,000 toward the next development. Curbs, gutters and sidewalks are already in place around the perimeter and all utilities are available at the site. Downtown Redding, CA has experienced impressive growth over the past 5 years and with the new Public Market opening, the downtown is seeing high demand for residential, retail, office and medical space.