860 Magellan DrTehachapi, CA 93561

Property Details for 860 Magellan Dr

Construction

WOOD FRAME

Lot size

0.46 AC

Zone code

C-3

Property type

Land

Property subtype

Commercial land

APN

223-570-07-00-2

APU

22357007002

Description

This exceptional investment opportunity presents a fully approved, nearly one-acre site in Tehachapi, CA (93561), at 860 Magellan Dr, featuring a combined gas station, market, and drive-thru restaurant. The 5,130 square foot property boasts a prime location on a limited-access freeway exit connecting Las Vegas and the Central Valley, ensuring high visibility and significant daily traffic exceeding 45,000 vehicles. The site is already approved for construction, with permits paid in full, allowing for immediate commencement. Fuel and branding agreements are secured with Chevron, 76, and Circle K, or the buyer may choose their preferred brands. The restaurant component includes a 2,000 square foot building with a 10-car stacking drive-thru lane and a spacious 1,086 square foot patio. A 3,130 square foot market will offer beer and wine sales. The property benefits from excellent exposure, situated across from two hotels (with a third planned), a Starbucks, and a Denny's. Ten parking spaces are available. The asking price is $2,400,000. This rapidly developing area shows significant growth, with over 9% population and housing growth in the last decade and an average household income exceeding $86,000 within a two-mile radius. This turnkey operation offers immediate returns and significant long-term potential.

• Alternative Use

  Use

  Valuation

  Residential

  $6,388,728

  Hospitality

  $5,852,040

  Educational

  $4,868,828

  Medical

  $5,036,275

  Retail

  $7,573,734

Location Insight

City

Tehachapi

County

Kern

State

California

Latitude

35.1433

Longitude

-118.449

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].