112 Buena Vista DrKernville, CA 93238

Property Details for 112 Buena Vista Dr

Year built

1952

Construction

TILT-UP CONCRETE

Lot size

0.22 AC

Property size (Sq ft)

1,490 SF

Property type

Retail properties

Property subtype

Retail space

APN

082-043-18-00-4

APU

8204318004

Description

This exceptional Kernville commercial property, situated on a 0.22-acre lot directly above the Kern River, presents a unique investment opportunity. The property boasts two buildings totaling 2,079 square feet, offering diverse income potential. The main building, currently housing an operational business, features a welcoming lobby, multiple offices, a spacious office with a fireplace and conference area, a restroom, kitchenette, and a private patio. A separate building currently operates as an antique store, providing immediate rental income or expansion possibilities. Adding to the property's versatility is a charming bungalow at the rear, ideal for tenant occupancy or as a short-term rental like an Airbnb, complete with its own private patio. Convenient parking is ensured with a two-car garage and ample driveway space. The property's prime location places it within walking distance of the Kern River, local restaurants, and dining establishments. Its proximity to outdoor recreational activities, including whitewater rafting, fishing, boating, golfing, hiking, and snow play, adds significant appeal. The property is approximately 1.5 hours from Bakersfield and 3 hours from Los Angeles, making it easily accessible. This highly desirable mountain community offers a unique blend of commercial potential and recreational opportunities. The asking price is $450,000.

• CAP approach

  CAP return

  Valuation

  6%

  $610,851

  6.5%

  $563,862

  7%

  $523,586

• Comparable approach

  Method

  Valuation

  Relative Method

  $714,013

  Geo Method

  $714,013

• Alternative Use

  Use

  Valuation

  Residential

  $475,639

  Hospitality

  $435,683

  Educational

  $362,483

  Medical

  $374,949

  Retail

  $563,862

Location Insight

City

Kernville

County

Kern

State

California

Latitude

35.757

Longitude

-118.421

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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