345 Glenwood StDelano, CA 93215

  • Mixed-use properties
  • 5,168 SF
For Sale
$785,000 View listing

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
345 Glenwood St, Delano, California

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

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
$1,031
$7,038
$70,668
$77,706
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