Property profile

1201 Columbus St Bakersfield, CA 93305

FOR SALE
Retail space
Property ID
US09-2921197
3,950 SF 0.28 ac lot Built 1970
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,950-square-foot retail space, located at 1201 Columbus Street in Kern County, presents a unique investment opportunity. Built in 1970, this single-story, single-tenant building sits on a 0.28-acre lot and is currently vacant. The property is ideally suited for a variety of retail uses, particularly businesses requiring significant refrigerated storage. The existing infrastructure includes a substantial nine-door walk-in refrigerator, perfect for maintaining perishable goods. Additionally, the property features convenient floor sinks and tile flooring, contributing to a clean and efficient workspace. The building's single-tenant configuration offers flexibility and control for the new owner. This turnkey solution allows for a swift transition into operations, minimizing setup time and maximizing return on investment. The property's location within Kern County offers excellent access to local markets and transportation routes. This is a rare chance to acquire a well-maintained, ready-to-occupy retail space in a desirable location. The combination of existing features and prime location makes this property an attractive proposition for discerning investors and entrepreneurs. The 0.28-acre lot provides ample space for potential expansion or outdoor operations. This property is ready for immediate occupancy and offers a significant advantage for businesses seeking a functional and well-equipped space.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1970
Construction WOOD
Total area 3,950 SF
Lot 0.28 ac (12,196 SF)
Zoning code C-1
APN 126-031-24-00-3
UPID US09-2921197

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Grocery & Convenience Store

Location

1201 Columbus St Bakersfield, CA 93305
Bakersfield metro Census 1402 BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$435k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$370k

Owner & transaction history

since 2020
Last sale
$360,000
3 recorded transactions
2020
$360,000
2018
Price N/A
1993
$14,000

Zoning & alternative use

C-1 · Bakersfield, CA
Zoning description

The purpose of C-1 zone is to provide an adequate variation of retail establishments and services that conveniently serve the needs of residents in the immediate neighborhood.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
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More about this property
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