9440 Hageman RdBakersfield, CA 93312

Property Details for 9440 Hageman Rd

Year built

2002

Construction

WOOD

Lot size

0.69 AC

Property size (Sq ft)

6,000 SF

Zone code

C1

Property type

Retail properties

Property subtype

Strip malls

APN

494-450-04-00-4

APU

49445004004

Description

The Plaza at Riverlakes, a 9,085 square foot neighborhood shopping center in Bakersfield, California, presents a compelling investment opportunity. This multi-tenant strip center is strategically located at the signalized intersection of Calloway Drive and Hageman Road (9440 Hageman Rd, Bakersfield, CA 93312), offering exceptional visibility and accessibility. Currently, 5,310 square feet of retail space is available, ideal for a variety of businesses. The center benefits from a grocery and drug store anchor tenants, ensuring consistent foot traffic. Its location within the Northwest Bakersfield trade area is surrounded by a dense residential population, providing a strong customer base. The proximity to Centennial High School and the Links at Riverlakes Golf Course further enhances its appeal, attracting both local residents and visitors. This property offers a unique blend of convenience and high visibility, making it an attractive proposition for businesses seeking a thriving retail environment in a well-established Bakersfield community. The property's location at a signalized intersection ensures excellent exposure to a high volume of daily traffic. This is a rare opportunity to secure retail space in a well-established and highly visible shopping center.

• CAP approach

  CAP return

  Valuation

  6%

  $2,223,374

  6.5%

  $2,052,346

  7%

  $1,905,750

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,702,638

  Geo Method

  $2,875,219

• Alternative Use

  Use

  Valuation

  Residential

  $1,731,230

  Hospitality

  $1,585,798

  Educational

  $1,319,365

  Medical

  $1,364,740

  Retail

  $2,052,346

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3985

Longitude

-119.107

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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