217 Shafter AveShafter, CA 93263

Property Details for 217 Shafter Ave

Year built

1982

Construction

WOOD

Lot size

0.21 AC

Property size (Sq ft)

3,066 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Auto shops

APN

026-172-09-00-9

APU

2617209009

Description

This exceptional 15,681 square foot lot, located at 217-219 South Shafter Avenue in Shafter, California, presents a rare build-to-suit opportunity for a fast-food restaurant with a drive-thru. The property boasts a highly visible corner location at the southwest intersection of South Shafter Avenue and Beth Eden Street, ensuring maximum exposure to the significant traffic flow in this bustling area. The existing single-story building, constructed in 1973, totals 4,946 square feet, with 3,200 square feet currently vacant, providing ample space for a new construction project. The property's APN is 026-172-10 & 026-172-09, and it is situated within Kern County, offering easy access to major transportation routes and a thriving community. This build-to-suit opportunity allows for complete customization to meet the specific needs of a fast-food operator, maximizing efficiency and profitability. The site's strategic location and ample space make it an ideal investment for a business seeking high visibility and convenient access for customers. This is a turnkey opportunity to establish a successful fast-food operation in a prime Kern County location. The property is zoned for commercial use.

• CAP approach

  CAP return

  Valuation

  6%

  $638,944

  6.5%

  $589,794

  7%

  $547,666

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,025,979

  Geo Method

  $1,469,237

• Alternative Use

  Use

  Valuation

  Residential

  $497,513

  Hospitality

  $455,720

  Educational

  $379,153

  Medical

  $392,193

  Retail

  $589,794

Location Insight

City

Shafter

County

Kern

State

California

Latitude

35.4988

Longitude

-119.279

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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