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    2630 Mount Vernon Ave Bakersfield, CA 93306

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    For Sale
    $5,900,000

    Retail building with long-term leases and scheduled rent increases.

    Property size:
    5,600 SF
    Lot size:
    0.81 Acres

    Property Features for 2630 Mount Vernon Ave

    General Information

    Size
    5,600 SF
    Lot size
    0.81 Acres

    Source: Sands Investment Group (SIG) | Fort Lauderdale Agent Daniel Hoogesteger

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bakersfield Retail Investment Opportunity

    This retail building presents an investment opportunity with approximately 7 to 8 years remaining on each lease. The leases include a provision for a 10% rental increase every 5 years, with the next increase scheduled within 2 to 3 years. The property is located at 2630 Mt Vernon Ave, Bakersfield, CA and has a size of 5,600 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Chipotle Mexican Grill Mexican Restaurant Ono Hawaiian BBQ Hawaiian Restaurant Chipotle Fast Food Restaurant Flame Broiler Korean Restaurant

    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
    -118.9678015
    Latitude
    35.3922966

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    FAQs

    What type of property is this?
    Retail space - Retail building with long-term leases and scheduled rent increases.
    Where is this retail space located?
    The property is located at 2630 Mount Vernon Ave Bakersfield, CA.
    What is the asking price?
    The asking price for this property is $5,900,000.
    What are key features of this property?
    This property features: - Retail building investment opportunity.; - Strong 10% rental increase every 5 years.; - Approximately 7-8 years remaining on each lease.
    (310) 853-1419
    Request Owner's contact information
    2630 Mount Vernon Ave Bakersfield, CA 93306
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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
    2630 Mount Vernon Ave Bakersfield, CA 93306
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