1260 California Street

Description

Prime Downtown Redding Multi-Tenant Commercial Investment Opportunity Well-located multi-tenant commercial property in the heart of Downtown Redding's active redevelopment corridor. The building consists of approximately 8,237 SF across three units, offering a balanced profile of stabilized income and near-term upside. Two units are leased to strong, established brands with modified-gross lease structures and contractual annual rent escalations, providing predictable cash flow. Both occupied suites feature clean, modern interiors with polished concrete floors, updated finishes, and functional layouts. The third unit, approximately 2,415 SF, is currently available and presents an immediate lease-up or owner-user opportunity. The space includes two finished restrooms, polished concrete floors, painted walls and ceilings, rear roll-up access, and flexible configuration suitable for a variety of commercial uses. The property benefits from a central downtown location surrounded by significant recent and ongoing investment, including the new Pipeline Restaurant development directly across the street, the recently opened Redding Public Market, the Ribcage Restaurant currently under construction one block to the East, the new parking garage one block South, and broader public and private revitalization efforts throughout the downtown core. This offering provides a compelling opportunity for investors, 1031 exchange buyers, or partial owner-users seeking a well-positioned asset with durable in-place income and additional upside through full lease-up.