333 Union AveBakersfield, CA 93307

Property Details for 333 Union Ave

Construction

WOOD FRAME

Lot size

1.06 AC

Property type

Strip malls

Property subtype

Neighborhood centers

APN

010-080-24-00-7

APU

1008024007

Description

Gateway Plaza, located at 333 Union Ave, Bakersfield, CA 93307, offers exceptional retail opportunities. This Class B shopping center, built in 2005, boasts a total of 32,635 square feet on a 2.94-acre lot. Six individual suites are currently available, ranging in size from approximately 921 square feet to approximately 11,550 square feet, offering both inline and end-cap options. The property is zoned C2 and features convenient access to Highway 58 and California State University, Bakersfield. Its prime location on a busy Bakersfield retail corridor ensures high visibility and significant foot traffic. The center's proximity to national retailers creates a strong draw for customers. The property's APN is 010-080-24-00-7, 010-080-18-00-0, and is situated in Kern County. This presents a unique chance to establish a business in a thriving Bakersfield retail hub. The property's high exposure and established location make it an ideal investment for a variety of retail businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $19,348,442

  6.5%

  $17,860,100

  7%

  $16,584,379

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,126,250

  Geo Method

  $22,126,250

• Alternative Use

  Use

  Valuation

  Residential

  $15,065,663

  Hospitality

  $13,800,066

  Educational

  $11,481,493

  Medical

  $11,876,359

  Retail

  $17,860,100

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3595

Longitude

-119.004

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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