8331 Kern Canyon RdBakersfield, CA 93306

Property Details for 8331 Kern Canyon Rd

Year built

1985

Construction

WOOD

Lot size

4.61 AC

Property size (Sq ft)

52,898 SF

Zone code

C2

Property type

Other commercial real estate

APN

388-080-41-00-0

APU

38808041000

Description

This vacant, 52,898-square-foot big-box retail building in Bakersfield, CA presents a compelling redevelopment opportunity. Situated on approximately 4.61 acres with C-2 (PD) zoning, this single-story, 1985-built property offers significant potential. The property features a prominent location at the intersection of Kern Canyon Road and Morning Drive, boasting a high daily traffic count exceeding 20,000 vehicles, a lighted four-way traffic signal, and ample parking (approximately 318 stalls). The large lot size allows for potential expansion or the development of three additional outparcels (ground lease/build-to-suit). The building itself is potentially divisible, offering flexibility for various uses. Key features include a pylon sign, multiple access points, and existing curbs. Priced at $5,250,000 ($99 per square foot), this property is substantially below replacement cost, making it an attractive investment for value-add strategies. The property is offered fee simple and is suitable for a 1031 exchange. The property's size, location, and zoning make it ideal for a variety of commercial uses, including a big-box retailer, grocery store, or drug store. This is a rare opportunity to acquire a significant retail asset in a high-traffic area of Bakersfield.

• Alternative Use

  Use

  Valuation

  Residential

  $16,096,797

  Hospitality

  $14,744,580

  Educational

  $12,267,317

  Medical

  $12,689,209

  Retail

  $19,082,494

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3753

Longitude

-118.912

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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