345 Glenwood StDelano, CA 93215
- Mixed-use properties
- 5,168 SF
Property Details for 345 Glenwood St
- Year built
- 1940
- Construction
- WOOD
- Lot size
- 0.34 AC
- Property size (Sq ft)
- 5,168 SF
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 422-071-01-00-7
- APU
- 42207101007
Description
This exceptional commercial property at 345 Glenwood Street, Delano, CA, presents a unique investment opportunity. Spanning 5,168 square feet on a 0.34-acre lot, this property boasts a diverse range of income-generating assets. A well-established convenience store provides a consistent revenue stream, complemented by a thriving bar that caters to the local community. Adding to the property's versatility are five apartments, each offering potential for rental income. The property's prime location ensures high visibility and ample foot traffic, maximizing its earning potential. While the property would benefit from some updating and attention to deferred maintenance, the solid foundation and existing businesses provide a strong base for future growth. Recent improvements include the installation of new water meters in the past year, demonstrating a commitment to ongoing property upkeep. This multi-faceted property offers a compelling blend of established businesses and rental income, making it an ideal addition to any investor's portfolio. The potential for increased profitability through renovations and strategic management is significant. This is a rare opportunity to acquire a well-positioned commercial property with multiple income streams in a thriving Delano location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $732,648
- 6.5%
- $676,291
- 7%
- $627,984
-
Comparable approach
- Method
- Valuation
- Relative Method
- $686,260
- Geo Method
- $982,747
-
Alternative Use
- Use
- Valuation
- Residential
- $838,600
- Hospitality
- $768,154
- Educational
- $639,095
- Medical
- $661,074
- Retail
- $994,147
Location Insight
- City
- Delano
- County
- Kern
- State
- California
- Latitude
- 35.7612
- Longitude
- -119.247
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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