This post was published 4 months 30 days ago, which may mean this home is not for sale anymore. You can always call to check current availability. FDotD or The Address Realty is not responsible for any misunderstanding. It should be pretty clear.
Interstate 5 is the main North-South traffic artery for the entire West Coast. Here’s an opportunity to own a 300′ of very visible frontage going north, with an interchange not far past it. There are several buildings on the 2 acres, but the value is in the location, which despite the Redding address, is in the unincorporated Shasta County area north of Shasta Lake City. Mini storage, auto services, and other uses come to mind. Last taco stand before the lake, anyone? But even if you don’t have immediate ambitions for it, the home(s?) might be renovated, and kept as a buy-and-hold rental with longer term value in mind. Representing the interests of the seller Fannie Mae, whose recent former bosses are under securities fraud indictment by the SEC, is foreclosure listing agent Vicki Cook of Banner Realty. She writes:
“This property is zoned Mixed Use,and provides for a variety of uses. There is currently three buildings on this property. This is a fixer and the value is mainly in the land. In 2004 a use permit was issued for a mini storage with a caretakers residence. That Use Permit has expired. 300′ of I-5 frontage.”
Maybe this fits in with your diverse portfolio? Converting cash or other paper securities into real property while things look cheap? We can show it to you.
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