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311-333 Knollcrest Drive
Redding, CA 96002
444-468 Hemsted Dr and 311-333 Knollcrest Dr · Land For Sale
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1.92 AC
Investment Highlights
- Unbeatable Central Location: Enjoy immediate, convenient access to Interstate 5, central Redding, and major local corridors like Bechelli and Cypress
- Flexible Build Potential: Designed to accommodate professional or medical office buildings ranging from ±5,000 to ±34,000+ square feet.
- The Final Opportunity: These parcels represent the very last available options in Redding's highly sought-after first business park.
- Shovel-Ready Infrastructure: Save time and capital with improved abundant parking and professional landscaping already completed on-site.
- Favorable Zoning: All lots feature General Office (GO) zoning, offering maximum flexibility for high-end professional use.
Executive Summary
Positioned in the heart of Redding’s established professional office park near E. Cypress Avenue, the Sacramento River, and Interstate 5, the Knollcrest Drive and Hemsted Drive commercial parcels offer one of the last remaining development opportunities in Redding’s first business park. Available parcels range from ±27,878 SF to a combined ±83,633 SF, with RED GO General Office zoning, level street-grade sites, existing parking and landscaping improvements, and conceptual capacity for medical or office development from approximately ±5,000 SF up to ±34,000 SF. The four interior parcels also benefit from completed storm drainage studies and City of Redding correspondence indicating no required on-site storm water retention, creating a meaningful cost and entitlement advantage for future users, developers, or investors.
Property Facts
1 Lot Available
Lot
| Price | $1,185,000 | Lot Size | 1.92 AC |
| Price Per AC | $617,203.89 |
| Price | $1,185,000 |
| Price Per AC | $617,203.89 |
| Lot Size | 1.92 AC |
Situated centrally near E Cypress Avenue and the scenic Sacramento River, these level, street-grade commercial parcels offer an unmatched canvas for developers, investors, and owner-users.
Description
The four interior parcels along Knollcrest and Hemsted come with a massive built-in financial advantage. Thanks to recently completed and approved storm drainage studies, the City of Redding does not require additional on-site storm water retention infrastructure. A formal response from the city confirms that the existing pipe network is entirely sufficient, transferring measurable, massive cost savings directly to the future owner.
Property Taxes
| Parcel Number | 107-520-014-000 | Improvements Assessment | $5,917 |
| Land Assessment | $47,348 | Total Assessment | $53,265 |
Property Taxes
Parcel Number
107-520-014-000
Land Assessment
$47,348
Improvements Assessment
$5,917
Total Assessment
$53,265
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