4208 Rosedale HwyBakersfield, CA 93308

Property Details for 4208 Rosedale Hwy

Year built

2008

Construction

WOOD

Lot size

2.45 AC

Property size (Sq ft)

26,343 SF

Zone code

M3

Property type

Strip malls

Property subtype

Neighborhood centers

APN

332-142-77-00-9

APU

33214277009

Description

Rosedale Square, located at 4208 Rosedale Hwy, Bakersfield, CA 93308, presents a prime retail investment opportunity. This established center, built in 2008, comprises three single-story buildings totaling 26,600 square feet on a 2.45-acre lot. Currently, there is 2,450 square feet of vacant space available for lease. The property boasts excellent visibility and accessibility, situated at the prominent corner of Rosedale Highway and Fairhaven Drive, with over 51,100 vehicles passing daily. Its strategic location offers easy access to State Highway 99, less than half a mile away. The center benefits from strong surrounding demographics, including a population exceeding 300,000 and a median household income of $83,726 within a 5-mile radius. Nearby national retailers such as Costco, 24 Hour Fitness, Hobby Lobby, and AMC, along with hotels like the DoubleTree by Hilton and Courtyard by Marriott, draw significant foot traffic and enhance the area's appeal. The property features 164 total parking spaces and is zoned M-3. The Assessor's Parcel Number (APN) is 332-142-76. This retail center offers a compelling opportunity for businesses seeking a thriving location in a high-traffic area of Bakersfield.

• CAP approach

  CAP return

  Valuation

  6%

  $11,041,552

  6.5%

  $10,192,202

  7%

  $9,464,187

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,623,650

  Geo Method

  $12,623,650

• Alternative Use

  Use

  Valuation

  Residential

  $8,597,504

  Hospitality

  $7,875,267

  Educational

  $6,552,130

  Medical

  $6,777,468

  Retail

  $10,192,202

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.384

Longitude

-119.055

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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