For Sale
$1,950,000

2503 Niles St Bakersfield, CA 93306

1.76-acre prime retail redevelopment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 1.76-acre mixed-use property in Bakersfield, CA, presents a compelling redevelopment opportunity. Located at 2503 Niles St, this C-Class, fee-simple site boasts approximately 8,700-8,800 square feet across three buildings on six parcels, with 378 feet of Niles Street frontage and multiple access points. The property features a two-story building, a separate office building, and a sanctuary, currently operating at 100% occupancy. Built in 1961, the buildings are situated on a lot zoned C-1 & R-2, allowing for adaptive reuse or new construction. The existing structures offer a combined rentable square footage of approximately 8,700-8,800 square feet. This high-visibility corner location on a busy retail corridor presents significant potential for a junior anchor tenant plus additional retail, quick-service restaurants, or a gas station. The asking price is $1,950,000, representing a price per square foot below replacement cost. The property is subject to a ground lease and is suitable for a 1031 exchange. This irreplaceable infill real estate offers tremendous upside potential for the right vision. The property's APN is 137-390-26-6.

Highlights

  • 1.76-acre mixed-use property in Bakersfield, CA, on six parcels.
  • 378 feet of Niles Street frontage with multiple access points.
  • High-visibility corner location on a busy retail corridor.
  • Redevelopment opportunity for a junior anchor tenant, plus QSR, retail, or gas station.
  • Irreplaceable infill real estate suitable for adaptive reuse or redevelopment.
  • Priced below replacement cost at $1.95M ($226/SF).

Property Details for 2503 Niles St

Property type
Specialty properties, Retail properties
Square Feet
8,700 SF
Class
C
Year Built
1961
Buildings
3
Stories
2
Lot Size (sq. ft)
76,666 SF
Units
3

Location Insight

City
Bakersfield
County
Kern
State
California
Latitude
35.375859549791
Longitude
-118.9630673408

FAQs

What type of property is this?
Specialty property - 1.76-acre prime retail redevelopment opportunity.
Where is the specialty property located?
The property is located at 2503 Niles St Bakersfield, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 1.76-acre mixed-use property in Bakersfield, CA, on six parcels.; 378 feet of Niles Street frontage with multiple access points.; High-visibility corner location on a busy retail corridor.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2503 Niles St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message