Hageman Rd Bakersfield, CA 93312

This exceptional 8.2-acre commercial land parcel presents a remarkable investment opportunity in Northwest Bakersfield, California. Located near the intersection of Hageman Road and Verdugo Lane, this property boasts a prime location within a thriving trade area. The land is comprised of two parcels, APN 526-570-07 & 526-570-03, and is zoned C-1. A Conditional Use Permit (CUP) has already been approved for the development of a 205-unit multifamily apartment building, significantly streamlining the development process and reducing potential delays. This pre-approved project offers strong multi-family fundamentals and benefits from robust city support, making it an attractive proposition for experienced developers and investors. The asking price for this exceptional opportunity is $5,400,000. The property's strategic location and the existing CUP provide a clear path to a high-return investment in a growing Bakersfield market. This is a rare chance to acquire a large, well-situated parcel with significant development potential, ready for immediate action. Don't miss this chance to capitalize on the strong multi-family market in Bakersfield. The property's size and approved plans offer a significant advantage in today's competitive market.