1500 Union AveBakersfield, CA 93307
- Industrial properties
- 57,504 SF
Property Details for 1500 Union Ave
- Year built
- 1980
- Construction
- WOOD
- Lot size
- 12.17 AC
- Property size (Sq ft)
- 57,504 SF
- Zone code
- M1
- Property type
- Industrial properties
- Property subtype
- Manufacturing properties
- APN
- 170-010-52-00-4
- APU
- 17001052004
Description
This exceptional commercial property, located at 1500 S Union Avenue in Bakersfield, California, 93307, presents a unique investment opportunity. The property encompasses approximately 84,603 square feet of office and flex space situated on 12.17 acres of land. The main office building, constructed in 2010, features approximately 30,824 square feet of modern office space. This area includes a conference room, two large classrooms, a lunchroom, four finished open offices, approximately sixty private offices, and two sets of men's and women's restrooms. A significant upgrade was completed in 2018 with the installation of a new roof and a 74.825 kW solar system comprising 614 panels (285 Watts per panel). Beyond the main office building, the property includes additional warehousing, crane-served manufacturing space, a paint booth, and sandblasting facilities, catering to a diverse range of potential users. The expansive 328,618 square foot (7.5-acre) yard provides ample outdoor storage space, making this a highly desirable location for businesses requiring significant laydown yard capabilities. Further enhancing its appeal, an additional 24.5 acres of expansion land, currently leased by the seller from the City of Bakersfield, is available for expansion, accessible from the property via two private access points from E. Casa Loma Road and Watts Drive. The property benefits from excellent freeway access to Highways 58, 99, 178, and the Interstate system. The asking price for this exceptional property is $11,500,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $18,763,164
- Hospitality
- $17,186,956
- Educational
- $14,299,346
- Medical
- $14,791,123
- Retail
- $22,243,428
Location Insight
- City
- Bakersfield
- County
- Kern
- State
- California
- Latitude
- 35.336
- 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
FAQs
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