3101 Mall View RdBakersfield, CA 93306

Property Details for 3101 Mall View Rd

Year built

1993

Construction

WOOD

Lot size

2.03 AC

Property size (Sq ft)

8,632 SF

Zone code

P.C.D.

Property type

Retail properties

Property subtype

Turn key restaurants

APN

130-161-68-00-0

APU

13016168000

Description

This exceptional 8,632-square-foot freestanding building, situated on a spacious 2.03-acre lot, presents a unique investment opportunity in Northeast Bakersfield. Built in 1996, this single-story structure previously operated as a restaurant and is ideally located within the thriving East Hills Mall Development area, a primary retail hub serving the Northeast Bakersfield community. The property benefits from high visibility and excellent access, surrounded by established national retailers including Office Max, Home Depot, Target, Walmart, Big Lots, Big 5 Sporting Goods, and dd's Discounts. The planned City Lights Shopping Center further enhances the area's retail appeal and projected growth. The building's single-tenant configuration offers flexibility for a variety of uses, and the expansive lot provides ample space for potential expansion or outdoor amenities. This property is also available for a ground lease, providing additional investment options. The address is 3101 Mall View Road, Bakersfield, CA 93306. This prime location and substantial building size make this an attractive proposition for discerning investors seeking a strong foothold in a dynamic retail market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,616,008

  6.5%

  $3,337,853

  7%

  $3,099,435

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,136,482

  Geo Method

  $4,136,482

• Alternative Use

  Use

  Valuation

  Residential

  $2,815,604

  Hospitality

  $2,579,078

  Educational

  $2,145,763

  Medical

  $2,219,559

  Retail

  $3,337,853

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3935

Longitude

-118.958

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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