Canyon Villa's 48 acres with development potential for approx. 30 or more lots prelim planned in 2007 located in a rare state designated Opportunity Zones in Redding. Established in the Tax Cuts and Jobs Act of 2017, Opp. Zones provide tax incentives for investment in designated census tracts. California Opportunity Zones will support new investments. Property located off Lake Blvd. & with-in 1 mile of Hwy 5 & Bethel Church and Trail access to Sundial Bridge, Turtle Bay Museum, Gardens, and Sheridan Hotel, City parks. All Redding City Utilities along property with paved City Road access from most sides of property and sewer line runs down the center of the property per city mapping. Buyer and their broker to confirm tax credits, city requirements from qualified entities.
Listing courtesy of Genesis Real Estate.