1101 Union AveBakersfield, CA 93307

Property Details for 1101 Union Ave

Lot size

1.22 AC

Property size (Sq ft)

24,254 SF

Property type

Hospitality properties

Property subtype

Hotels

Description

This exceptional value-add opportunity presents a 24,254 square foot, two-building hotel and living facility situated on a 1.22-acre lot in downtown Bakersfield, California, at 1101 Union Ave, near the intersection of California Ave and Union Ave. The property, previously used as a residential rehabilitation center, is currently vacant and offers significant upside potential. The buildings boast a diverse layout including single occupancy living spaces, office areas, a commercial-grade kitchen, and a cafeteria, catering to a variety of uses. The property features a courtyard with a water feature and ample parking with 28 onsite spaces. Security measures include a fully fenced and gated perimeter. Both buildings are fully sprinklered. The property is zoned C-2 (commercial) and R-2 (residential), providing flexibility for future development. The asking price is $2,500,000, translating to $103.08 per square foot. This property presents a unique chance to acquire a substantial asset in a growing urban core, offering a compelling return on investment for the right buyer. The two-story buildings provide a solid foundation for a variety of redevelopment or repurposing strategies. The central location and existing infrastructure make this a highly attractive proposition.

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3661

Longitude

-119.003

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