3012 Union AveBakersfield, CA 93305

Property Details for 3012 Union Ave

Year built

1948

Construction

WOOD

Lot size

0.08 AC

Property size (Sq ft)

1,776 SF

Property type

Retail properties

Property subtype

Retail space

APN

012-061-05-00-7

APU

1206105007

Description

This exceptional 3,552 square foot warehouse, located at 3012 Union Ave in Bakersfield, California, presents a unique investment opportunity. Built in 1948, the property sits on a 0.08-acre lot and is zoned C-2, offering considerable flexibility for various commercial uses. The asking price is $899,900, translating to $253.35 per square foot. The property features two distinct addresses and separate APNs (01206105 and 01206106), presenting the potential for division into two separate storefronts. This prime location in the desirable lower Alta Vista area of Bakersfield, CA 93305, ensures high visibility and accessibility. The property's versatility, combined with its strategic location and attractive price point, makes it an ideal acquisition for both investors seeking strong returns and owner-users looking for a well-situated commercial space. This is a rare opportunity to acquire a substantial property in a thriving Bakersfield commercial district. The property's potential for subdivision adds significant value, making it a compelling investment prospect. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $744,176

  6.5%

  $686,932

  7%

  $637,866

• Comparable approach

  Method

  Valuation

  Relative Method

  $851,065

  Geo Method

  $851,065

• Alternative Use

  Use

  Valuation

  Residential

  $579,453

  Hospitality

  $530,776

  Educational

  $441,599

  Medical

  $456,786

  Retail

  $686,932

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3869

Longitude

-119.002

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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