2100 Panama LnBakersfield, CA 93304

Property Details for 2100 Panama Ln

Year built

2014

Construction

WOOD FRAME

Lot size

0.51 AC

Property size (Sq ft)

4,746 SF

Zone code

PCD

Property type

Retail properties

Property subtype

Retail space

APN

372-021-24-00-5

APU

37202124005

Description

This exceptional 4,543-square-foot freestanding retail building is located at 2100 Panama Lane in Bakersfield, California, within the Panama Lane Shopping Center. Built in 2014, this single-tenant property sits on a 22,215-square-foot lot and boasts excellent visibility and accessibility from Panama Lane, a major retail corridor. The building's prime location benefits from high daytime traffic volume and proximity to the Highway 99 on/off ramp. This strategically positioned property enjoys the advantage of being situated near prominent national retailers, including Walmart Supercenter, Lowe's Home Improvement, Aldi, In-N-Out Burger, and Starbucks. The property is zoned PCD and has a Kern County APN of 372-021-24. The entire 4,543 square feet is currently vacant, presenting a unique opportunity for a single tenant to establish a strong presence in a thriving retail area of Southeast Bakersfield. The property's one-story design and ample lot size offer significant potential for various retail uses. This location offers unparalleled access and visibility for businesses seeking to capitalize on the high traffic counts in this established commercial center. The property's address is 2100 Panama Lane, Bakersfield, CA 93304, and is conveniently located near the intersection of Panama Lane and Colony.

• CAP approach

  CAP return

  Valuation

  6%

  $1,989,303

  6.5%

  $1,836,280

  7%

  $1,705,117

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,274,298

  Geo Method

  $2,274,298

• Alternative Use

  Use

  Valuation

  Residential

  $1,548,971

  Hospitality

  $1,418,849

  Educational

  $1,180,466

  Medical

  $1,221,064

  Retail

  $1,836,280

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.2963

Longitude

-119.026

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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