5401 Gasoline Alley DrBakersfield, CA 93313

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

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.

• 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

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