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    1575 Olive Dr Bakersfield, CA 93308

    Sponsored
    For Sale
    $1,050,000

    High-traffic corner lot, dual residences.

    Property size:
    3,273 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 3,273 square foot commercial property sits on a 0.73-acre corner lot at 1575 Olive Drive in Bakersfield, California. Its prime M-2 zoning allows for a variety of commercial or industrial uses, making it an ideal investment opportunity. The property benefits from its high-traffic location and convenient access to Highway 99, ensuring excellent visibility and accessibility. Currently, the property includes two residences, previously operating as a licensed recovery home with a capacity for 18 clients. This existing infrastructure presents a unique advantage, offering potential for continued use in a similar capacity or adaptable conversion to suit a new business venture. The substantial lot size provides ample space for expansion, additional buildings, or outdoor operations. The property's strategic location and versatile zoning make it a compelling prospect for entrepreneurs and investors seeking a high-impact commercial space in a thriving Bakersfield location. The asking price is $1,050,000. Serious inquiries are encouraged.

    Property Features for 1575 Olive Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,273 SF
    Lot Size
    31,799 SF

    Building Details

    Year Built
    1954
    Property Profile Location Intelligence

    Current Use by Public Records

    Safe Haven Recovery ... Rehabilitation Center

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.052
    Latitude
    35.41206

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic corner lot, dual residences.
    Where is this commercial real estate located?
    The property is located at 1575 Olive Dr Bakersfield, CA.
    What is the asking price?
    The asking price for this property is $1,050,000.
    (818) 491-4500
    Request Owner's contact information
    1575 Olive Dr Bakersfield, CA 93308
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    Bakersfield, CA 93308
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1575 Olive Dr Bakersfield, CA 93308
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