1500 Union AveBakersfield, CA 93307

  • Industrial properties
  • 57,504 SF
For Sale
$11,500,000 View listing

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
1500 Union Ave, Bakersfield, California

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

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
$152,807
$1,494,775
$12,011,419
$13,506,194
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