300 State AveShafter, CA 93263

Property Details for 300 State Ave

Year built

1945

Construction

WOOD

Lot size

0.34 AC

Property size (Sq ft)

4,983 SF

Zone code

GC

Property type

Retail space

APN

027-330-05-00-6

APU

2733005006

Description

This exceptional retail property, located at 300 State Avenue in Shafter, California, offers 2,000 square feet of versatile commercial space. Situated on a lot with no acreage, this property is ideal for a variety of retail businesses seeking a high-visibility location. The building's size provides ample room for a storefront, display areas, and back-of-house operations. The property's address on State Avenue ensures excellent street exposure and accessibility for customers. Given its location in Shafter, CA, the property benefits from the area's established commercial activity and potential for growth. The asking price of $2,000 presents a significant opportunity for entrepreneurs and investors alike. This is a rare chance to acquire a well-positioned retail space in a thriving community. The property is ready for immediate occupancy, allowing for a swift start to operations. Serious inquiries are encouraged to explore this promising investment opportunity further. The property is being offered as-is. Further details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $883,210

  6.5%

  $815,270

  7%

  $757,037

• Comparable approach

  Method

  Valuation

  Relative Method

  $688,161

  Geo Method

  $985,470

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,673,150

  Mixed-Use / Specialty

  $778,707

  Hospitality / Lodging

  $527,493

  Office

  $739,026

  Institutional / Educational

  $797,513

  Residential Income

  $933,090

  Multifamily

  $1,305,680

  Automotive / Energy

  $683,582

  Parking / Income-Based Land

  $269,148

  Restaurant / Food Service

  $333,182

  Healthcare / Senior Housing

  $833,064

Location Insight

City

Shafter

County

Kern

State

California

Latitude

35.5003

Longitude

-119.273

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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