For Sale
$5,250,000

8331 Kern Canyon RdBakersfield, CA 93306

52,898 SF Big Box, Value-Add

Overview

Added:
Dec 11, 2024
Days on market:
113
This vacant, 52,898-square-foot big-box retail building in Bakersfield, CA presents a compelling redevelopment opportunity. Situated on approximately 4.61 acres with C-2 (PD) zoning, this single-story, 1985-built property offers significant potential. The property features a prominent location at the intersection of Kern Canyon Road and Morning Drive, boasting a high daily traffic count exceeding 20,000 vehicles, a lighted four-way traffic signal, and ample parking (approximately 318 stalls). The large lot size allows for potential expansion or the development of three additional outparcels (ground lease/build-to-suit). The building itself is potentially divisible, offering flexibility for various uses. Key features include a pylon sign, multiple access points, and existing curbs. Priced at $5,250,000 ($99 per square foot), this property is substantially below replacement cost, making it an attractive investment for value-add strategies. The property is offered fee simple and is suitable for a 1031 exchange. The property's size, location, and zoning make it ideal for a variety of commercial uses, including a big-box retailer, grocery store, or drug store. This is a rare opportunity to acquire a significant retail asset in a high-traffic area of Bakersfield.

Highlights

  • $5,250,000 asking price for a vacant, 52,898 square foot retail building.
  • Located at 8331 Kern Canyon Rd, Bakersfield, CA 93306, on a 4.61-acre lot.
  • Features a pylon sign, multiple access points, and a lighted 4-way traffic signal with high daily traffic counts exceeding 20,000 vehicles.
  • Offers approximately 318 parking stalls and a 52,000+ square foot building, potentially divisible, on ±4.61 acres.
  • Includes three available outparcels for ground lease or build-to-suit opportunities.
  • C-2 (PD) zoning allows for a variety of commercial uses.

Property Details for 8331 Kern Canyon Rd

Property type
Lifestyle centers, Power centers
Square Feet
52,000 SF
Class
C
Year Built
1985
Buildings
1
Stories
1
Lot Size (sq. ft)
200,812 SF
Units
1

Location Insight

City
Bakersfield
County
Kern
State
California
Latitude
35.376203156088
Longitude
-118.91279880553
8331 Kern Canyon Rd, Bakersfield, California

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8331 Kern Canyon Rd
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