For Sale
$2,400,000

860 Magellan DrTehachapi, CA 93561

Freeway-visible, high-traffic retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fully approved, nearly one-acre site in Tehachapi, CA (93561), at 860 Magellan Dr, featuring a combined gas station, market, and drive-thru restaurant. The 5,130 square foot property boasts a prime location on a limited-access freeway exit connecting Las Vegas and the Central Valley, ensuring high visibility and significant daily traffic exceeding 45,000 vehicles. The site is already approved for construction, with permits paid in full, allowing for immediate commencement. Fuel and branding agreements are secured with Chevron, 76, and Circle K, or the buyer may choose their preferred brands. The restaurant component includes a 2,000 square foot building with a 10-car stacking drive-thru lane and a spacious 1,086 square foot patio. A 3,130 square foot market will offer beer and wine sales. The property benefits from excellent exposure, situated across from two hotels (with a third planned), a Starbucks, and a Denny's. Ten parking spaces are available. The asking price is $2,400,000. This rapidly developing area shows significant growth, with over 9% population and housing growth in the last decade and an average household income exceeding $86,000 within a two-mile radius. This turnkey operation offers immediate returns and significant long-term potential.

Highlights

  • Freeway exit gas station, market, and drive-thru restaurant with beer and wine sales.
  • Prime location on a freeway exit connecting Las Vegas and the Central Valley.
  • One-acre site with approved gas station plans.
  • Fuel and brand agreements available from Chevron, 76, and Circle K, or operator's choice.
  • 2,000 SF drive-thru restaurant with 10-car stacking lane and 1,086 SF patio.
  • High visibility across from two hotels (third planned), Starbucks, and Denny's.

Property Details for 860 Magellan Dr

Property type
Retail properties, Bars
Square Feet
5,130 SF
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Tehachapi
County
Kern
State
California
Latitude
35.1430786
Longitude
-118.4492186
860 Magellan Dr, Tehachapi, California

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860 Magellan Dr
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