2130 Union Ave Bakersfield, CA 93307

This exceptional 1.13-acre industrial property in Bakersfield, CA, presents a compelling value-add investment opportunity. Located at 2130 S Union Ave, 93307, this property encompasses two parcels (APN 170-040-10 & 170-040-01) totaling 49,252 square feet and features 3,920 square feet of existing building space across two single-story structures, built in 1957. Currently zoned M-1, the property boasts a prime location with significant street frontage in a high-traffic area. The existing buildings are in need of some renovation. The property is offered as a fee simple sale with a leaseback arrangement, providing a unique investment structure. The asking price is $599,500, translating to $152.93 per square foot of building space and $12.17 per square foot of land value. The property is currently 100% occupied but will be delivered vacant upon sale. This is a single-tenant property with a modified lease type. This presents a rare chance to acquire a sizable industrial lot with existing structures in a desirable Bakersfield location. The property's potential for redevelopment or repositioning makes it an attractive investment for those seeking a value-add project with significant upside.