5401 Gasoline Alley DrBakersfield, CA 93313
- Retail properties
- 9,120 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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