For Sale
$3,200,000

516 Union AveBakersfield, CA 93307

Renovated Motel, Great Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 28-unit motel located at 516 S Union Ave, Bakersfield, CA 93307, presents a compelling investment opportunity. Boasting a prime location in Kern County, this single-story property sits on a substantial 2.69-acre lot, zoned C2. Built in 1953, the motel has undergone a complete renovation, including new roofing, doors, lighting, windows, bathrooms, water lines, water heaters, electrical systems, and mini-split HVAC units. The property is currently vacant, offering a blank canvas for a new owner-operator or investor to maximize its potential. The large lot provides significant room for expansion or future development. With 28 beds spread across its units, this motel represents a substantial asset with considerable upside. The asking price is $3,200,000. The Assessor's Parcel Number (APN) is 16912012. This is a turnkey operation ready for immediate occupancy and revenue generation. The extensive renovations ensure minimal upfront capital expenditure, allowing for a swift return on investment. The property's vacant status presents a unique opportunity to implement personalized management strategies and branding. This is an ideal acquisition for both seasoned hospitality investors and those seeking their first venture into the hotel industry. The combination of a renovated property, ample land, and strategic location makes this a truly exceptional investment opportunity.

Highlights

  • 28-unit motel on a 2.69-acre lot in Bakersfield, CA.
  • Completely renovated with new roof, doors, windows, bathrooms, plumbing, electrical, and HVAC.
  • Located on a C2-zoned lot, offering expansion potential.
  • Asking price: $3,200,000; APN: 16912012.
  • Currently vacant, ready for immediate occupancy.

Property Details for 516 Union Ave

Property type
Hospitality properties, Motels
Year Built
1953
Stories
1
Lot Size (sq. ft)
117,176 SF

Location Insight

City
Bakersfield
County
Kern
State
California
Latitude
35.350365322357
Longitude
-119.00183801796
516 Union Ave, Bakersfield, California

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516 Union Ave
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