916 Derby StArvin, CA 93203

  • Manufacturing properties
  • 1.55 AC
For Sale
$575,000 View listing

Property Details for 916 Derby St

Construction
WOOD
Lot size
1.55 AC
Property type
Manufacturing properties
APN
193-160-07-00-5
APU
19316007005

Description

This Arvin, CA industrial property presents a compelling investment opportunity. Priced at $575,000, this vacant, 67,518 square foot facility is situated on a single story and zoned M2, making it suitable for various industrial uses. The property comprises three buildings: a large 12,000+ square foot open-air structure ideal for agricultural production, complemented by a 1,000 square foot office, a 1,500 square foot storage/garage building, and a 300 square foot scale house. The property's location at 916 S Derby St, Arvin, CA 93203, offers convenient access to key transportation routes. Utilities include water service from the Arvin Community Services District, sewer from the City of Arvin, and electricity and gas from Pacific Gas & Electric Company. Importantly, the M2 zoning designates this property as a Green Zone, permitting cannabis and related businesses. The property also sits within an Opportunity Zone, potentially offering significant tax advantages. The on-site commercial scale presents an additional revenue stream, whether operated in-house or leased to a third party. This versatile property is perfect for owner-users seeking a functional and strategically located industrial space. APN: 193-160-07, 193-160-20.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $21,445,144
    Hospitality
    $19,643,638
    Educational
    $16,343,276
    Medical
    $16,905,346
    Retail
    $25,422,874

Location Insight

City
Arvin
County
Kern
State
California
Latitude
35.1978
Longitude
-118.824
CBSA code
12540
CBSA name
BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,101
$14,016
$155,681
$169,697
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