516 Union AveBakersfield, CA 93307

  • Hospitality properties
  • 7,963 SF
For Sale
$3,200,000 View listing

Property Details for 516 Union Ave

Year built
1953
Construction
WOOD
Lot size
2.24 AC
Property size (Sq ft)
7,963 SF
Zone code
C-2
Property type
Hospitality properties
Property subtype
Motels
APN
169-120-12-00-0
APU
16912012000

Description

This exceptional 28-unit motel located at 516 S Union Ave, Bakersfield, CA 93307, presents a compelling investment opportunity. Boasting a prime location in Kern County, this single-story property sits on a substantial 2.69-acre lot, zoned C2. Built in 1953, the motel has undergone a complete renovation, including new roofing, doors, lighting, windows, bathrooms, water lines, water heaters, electrical systems, and mini-split HVAC units. The property is currently vacant, offering a blank canvas for a new owner-operator or investor to maximize its potential. The large lot provides significant room for expansion or future development. With 28 beds spread across its units, this motel represents a substantial asset with considerable upside. The asking price is $3,200,000. The Assessor's Parcel Number (APN) is 16912012. This is a turnkey operation ready for immediate occupancy and revenue generation. The extensive renovations ensure minimal upfront capital expenditure, allowing for a swift return on investment. The property's vacant status presents a unique opportunity to implement personalized management strategies and branding. This is an ideal acquisition for both seasoned hospitality investors and those seeking their first venture into the hotel industry. The combination of a renovated property, ample land, and strategic location makes this a truly exceptional investment opportunity.

516 Union Ave, Bakersfield, California

Location Insight

City
Bakersfield
County
Kern
State
California
Latitude
35.3495
Longitude
-119
CBSA code
12540
CBSA name
BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,606
$198,900
$530,400
$729,300
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-
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