516 Union AveBakersfield, CA 93307
- Hospitality properties
- 7,963 SF
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.
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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