1519 Mount Vernon AveBakersfield, CA 93306

Property Details for 1519 Mount Vernon Ave

Year built

1943

Construction

WOOD

Lot size

0.30 AC

Property size (Sq ft)

2,723 SF

Zone code

C1

Property type

Retail properties

Property subtype

Retail space

APN

136-450-02-00-7

APU

13645002007

Description

This 2,723 square foot, single-story retail building is undergoing rehabilitation to a vanilla shell and is situated on a prominent corner lot at 1519 Mount Vernon Ave, Bakersfield, CA 93306, at the intersection of Mount Vernon Avenue and Quincy Street. The property boasts excellent visibility and accessibility, benefiting from high traffic counts (24,000+ cars daily) within a densely populated area (238,000+ population and 74,000+ households within a 5-mile radius). Built in 1943, this Class C building sits on a lot ranging from 13,200 to 13,500 square feet and is zoned C-1, allowing for diverse commercial uses, including medical, insurance, legal, and corporate offices, as well as retail and restaurant options. The entire 2,723 square feet is currently vacant and available for lease. The property's location offers significant advantages for businesses seeking high visibility and convenient access. The potential for a drive-thru on the east side of the building presents an additional opportunity for prospective tenants. The APN is 136-450-02. This is a prime opportunity for businesses seeking a high-traffic location in a thriving Bakersfield neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $1,140,765

  6.5%

  $1,053,014

  7%

  $977,799

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,304,870

  Geo Method

  $1,304,870

• Alternative Use

  Use

  Valuation

  Residential

  $888,257

  Hospitality

  $813,638

  Educational

  $676,938

  Medical

  $700,219

  Retail

  $1,053,014

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3795

Longitude

-118.967

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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