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Investment Highlights
- Excellent Cash Flow
- Historical Building District
- Great Tenants
Executive Summary
Rare opportunity to acquire a historic, turn-of-the-century retail building located in the heart of Red Bluff's Downtown Historic District, directly across from the iconic State Theatre. This well-maintained property showcases true pride of ownership and features four individual storefronts, each offering its own distinctive historic character and charm. The interiors highlight timeless architectural details, including exposed brick walls and original hardwood floors dating back to the early 1900s. All four storefronts are currently occupied by quality tenants, providing strong in place income and consistent cash flow. Held within the same family for decades, this is a unique chance to own a piece of Red Bluff history while benefiting from a proven income-producing asset. Vacancies have historically been rare, and when they do occur, the spaces lease quickly due to the property's character, visibility, and desirable downtown location. A true pride-of ownership investment offering historic charm, stable tenancy, and excellent long-term income potential.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$34,200
|
$12.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$34,200
|
$12.21
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$8,882
|
$3.17
|
| Net Operating Income |
$25,318
|
$9.04
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $34,200 |
| Annual Per SF | $12.21 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $34,200 |
| Annual Per SF | $12.21 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $8,882 |
| Annual Per SF | $3.17 |
| Net Operating Income | |
|---|---|
| Annual | $25,318 |
| Annual Per SF | $9.04 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
2,800 SF
Building Class
C
Year Built/Renovated
1915/2019
Price
$399,000
Price Per SF
$142.50
Cap Rate
6.75%
NOI
$26,933
Tenancy
Single
Building Height
1 Story
Building FAR
0.61
Lot Size
0.11 AC
Zoning
H-C - Historic Commercial District
Very walkable
80/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 029-421-012-000 | Improvements Assessment | $141,058 |
| Land Assessment | $45,874 | Total Assessment | $186,932 |
Property Taxes
Parcel Number
029-421-012-000
Land Assessment
$45,874
Improvements Assessment
$141,058
Total Assessment
$186,932
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328-340 Oak St
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