3207 Union AveBakersfield, CA 93305

Property Details for 3207 Union Ave

Year built

1965

Construction

WOOD

Lot size

0.69 AC

Property size (Sq ft)

6,378 SF

Zone code

C-2

Property type

Manufacturing properties

APN

002-011-04-00-6

APU

201104006

Description

This exceptional 0.69-acre commercial lot, located at 3207 Union Ave in Bakersfield, California (zip code 93305), presents a unique investment opportunity. Zoned C-2, this property offers significant potential for development. The lot's size allows for substantial construction, estimated to accommodate approximately 30,000 square feet of building space, catering to a wide range of commercial ventures. Situated on a high-volume street, this location ensures excellent visibility and accessibility for any business. The asking price is $549,000, translating to a price per acre of $795,652.17. The property's APN is 00201104. This is a rare opportunity to acquire a large, commercially zoned lot in a thriving Bakersfield location. The seller may consider financing options, potentially allowing for a down payment of $75,000. This property is in Kern County and offers significant potential for investors seeking a prime commercial location. Don't miss this chance to secure a valuable asset in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $4,031,090

  6.5%

  $3,721,000

  7%

  $3,455,220

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,940,540

  Geo Method

  $1,940,540

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,912,710

  Mixed-Use / Specialty

  $1,909,510

  Hospitality / Lodging

  $1,405,660

  Office

  $1,901,940

  Institutional / Educational

  $1,986,420

  Residential Income

  $2,324,110

  Multifamily

  $2,767,330

  Automotive / Energy

  $1,702,640

  Parking / Income-Based Land

  $583,983

  Restaurant / Food Service

  $1,000,880

  Healthcare / Senior Housing

  $1,954,450

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3887

Longitude

-119.003

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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