516 Union AveBakersfield, CA 93307

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

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

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