345 Glenwood StDelano, CA 93215

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

Investment properties

Property subtype

Live-work space

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.

• 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

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