5401 Gasoline Alley DrBakersfield, CA 93313

  • Retail properties
  • 9,120 SF
For Sale
$6,250,000 View listing

Property Details for 5401 Gasoline Alley Dr

Year built
1997
Construction
WOOD
Lot size
2.55 AC
Property size (Sq ft)
9,120 SF
Zone code
M-1
Property type
Retail properties
Property subtype
Other car washes
APN
372-010-62-00-5
APU
37201062005

Description

This exceptional 30,000-square-foot industrial property, situated on 2.55 acres in Bakersfield's thriving Auto Mall, presents a rare owner-user or investment opportunity. The property comprises three separate buildings—12,000, 9,000, and 9,000 square feet—constructed in 1997 and renovated in 2005. Each building is single-story, and the entire complex is zoned M-1. The location boasts unparalleled visibility and accessibility within a high-traffic area, surrounded by major automotive dealerships including Lexus, BMW, Mercedes Benz, Ford, Lincoln, Toyota, and many more. With over 2,500 vehicles sold monthly within a half-mile radius during the first two quarters of 2024, this property offers significant potential for expansion or entry into the Bakersfield automotive market. The strategic location provides substantial cross-selling opportunities for new vehicle sales, service operations, and complementary businesses. Detailed floor plans and building specifications are available upon request. The asking price for this multi-tenant Class B property is $6,250,000. The property's Assessed Parcel Number (APN) is 372-010-62-00-5.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,822,839
    6.5%
    $3,528,775
    7%
    $3,276,719
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,370,333
    Geo Method
    $4,370,333
  • Alternative Use

    Use
    Valuation
    Residential
    $2,976,654
    Hospitality
    $2,726,598
    Educational
    $2,268,498
    Medical
    $2,346,515
    Retail
    $3,528,775
5401 Gasoline Alley Dr, Bakersfield, California

Location Insight

City
Bakersfield
County
Kern
State
California
Latitude
35.3055
Longitude
-119.036
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
$15,785
$186,900
$1,073,038
$1,259,938
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