1044 Kern StTaft, CA 93268

Property Details for 1044 Kern St

Year built

1985

Construction

WOOD

Lot size

3.37 AC

Property size (Sq ft)

43,041 SF

Zone code

GC

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

032-520-20-00-2

APU

3252020002

Description

Taft Hills Plaza, a prominent grocery-anchored retail center in Taft, California, presents a compelling investment opportunity. Located at the high-traffic intersection of Kern Street and 10th Street, this property boasts a total of 93,608 square feet of retail space. Currently, 10,263 square feet is available for lease, offering a unique chance to establish or expand your business within a thriving commercial hub. The center's strategic location ensures high visibility and accessibility for customers. The property is zoned C2, providing flexibility for a variety of retail uses. The address is 1044 Kern St, Taft, CA 93268. The property's Assessed Parcel Numbers (APN) are 032-520-14, 16, 17, 18, 19, 20 and 032-520-15, located in Kern County. This established center serves as Taft's primary grocery-anchored shopping destination, guaranteeing a strong customer base and significant foot traffic. The available space presents an excellent opportunity for businesses seeking a prime location within a well-established and successful retail environment. This is a multi-tenant property offering a variety of possibilities for prospective tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $18,092,762

  6.5%

  $16,701,010

  7%

  $15,508,081

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,625,384

  Geo Method

  $20,625,384

• Alternative Use

  Use

  Valuation

  Residential

  $14,087,927

  Hospitality

  $12,904,465

  Educational

  $10,736,364

  Medical

  $11,105,604

  Retail

  $16,701,010

Location Insight

City

Taft

County

Kern

State

California

Latitude

35.1462

Longitude

-119.466

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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