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Listed by Nena L Pelton • Century 21 Hilltop
$825,000
Est. payment /mo
192,535 SqFt
Active
Redding, CA 96003
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Key Details
Property Type Vacant Land
Sub Type Acres
Listing Status Active
Purchase Type For Sale
Square Footage 192,535 sqft
Price per Sqft $4
MLS Listing ID 25-5568
Lot Size 4.420 Acres
Acres 4.42
Property Sub-Type Acres
Source Shasta Association of REALTORS®
Property Description
Builder/Developer Opportunity - 32 Doors | Jordan Lane Subdivision
Exceptional shovel-ready residential development opportunity on Jordan Lane in west Redding. The Tentative Subdivision Map (Application 2022-02416 - Zinco Subdivision) has been approved to subdivide two parcels (3150 & 3250 Jordan Lane) into 16 parcels, with rezoning (RZ-2024-00156) and Master Plan in process under 2022 Building Code standards.
Site construction plans are approximately 85% complete and nearing submittal, significantly reducing entitlement timeline and upfront risk.
The approved product design features single-family residences with attached ADUs -- each parcel planned for:
• Main home: 3 bed, 2 bath, 2-car garage
• Attached ADU: 2 bed, 1.5 bath, 1-car garage
Total projected build-out: 32 income-producing doors. Ideal for a build-to-hold strategy, portfolio expansion, or phased development.
A construction loan is already in place with Plumas Bank, supported by a completed April 2024 appraisal. The bank has indicated willingness to transfer the loan to a qualified buyer, creating a rare opportunity to step into an established financing structure.
Seller is reallocating focus to other large-scale projects, creating an opportunity for the next developer to capitalize on extensive planning, approvals, and forward progress already achieved.
Comprehensive permit package, subdivision approval documentation, and master plan available for review.
Offering this project for $825,000.00
Exceptional shovel-ready residential development opportunity on Jordan Lane in west Redding. The Tentative Subdivision Map (Application 2022-02416 - Zinco Subdivision) has been approved to subdivide two parcels (3150 & 3250 Jordan Lane) into 16 parcels, with rezoning (RZ-2024-00156) and Master Plan in process under 2022 Building Code standards.
Site construction plans are approximately 85% complete and nearing submittal, significantly reducing entitlement timeline and upfront risk.
The approved product design features single-family residences with attached ADUs -- each parcel planned for:
• Main home: 3 bed, 2 bath, 2-car garage
• Attached ADU: 2 bed, 1.5 bath, 1-car garage
Total projected build-out: 32 income-producing doors. Ideal for a build-to-hold strategy, portfolio expansion, or phased development.
A construction loan is already in place with Plumas Bank, supported by a completed April 2024 appraisal. The bank has indicated willingness to transfer the loan to a qualified buyer, creating a rare opportunity to step into an established financing structure.
Seller is reallocating focus to other large-scale projects, creating an opportunity for the next developer to capitalize on extensive planning, approvals, and forward progress already achieved.
Comprehensive permit package, subdivision approval documentation, and master plan available for review.
Offering this project for $825,000.00
Location
State CA
County Shasta
Exterior
Topography Level
Building
Level or Stories NaN
Others
Senior Community No
Tax ID 114-050-005-000
Acceptable Financing All Cash to Seller, Cash, Cash to New Loan
Listing Terms All Cash to Seller, Cash, Cash to New Loan
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