Established Liquor Store on
1701 Union Ave Bakersfield, CA 93305
1701 Union Ave, Bakersfield, CA, 93305
Contact for pricing
For Sale
Contact for pricing
Turnkey liquor store with high visibility and ample parking.
Property Size2,700 SF
Price / SF$185.19
Days on Market640
Property Features for 1701 Union Ave
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Property subtype
- Retail
Listing Agency
Jobah's Commercial
(661) 834-3997
Listed by
Abdul Jobah, CCIM · License #CA 02213635
Source
Crexi
Added: Oct 17, 2024 Checked: Jul 17 at 1:33 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jobah's Commercial
Investment Insights
Based on property information with market context.
This is an opportunity to own and operate a liquor store located on a high-traffic corner of Union Ave in Bakersfield. La Buena Liquor Store has served the local community for years, offering a selection of wines, spirits, beer, snacks, and convenience items. The property benefits from high vehicle and foot traffic. The store is well-stocked with a vast inventory of liquor, beverages, and essentials. It has a consistent customer flow from local residents and passersby. Ample on-site parking is available for customers. Coolers, shelving, POS systems, and all fixtures are included in the sale. The property is 2700 square feet. There is opportunity to expand services, introduce new product lines, or extend operating hours to capture more business.
Key Highlights
- High‑traffic corner location on Union Ave, Bakersfield, ensuring excellent visibility.
- Turnkey business with a well‑stocked inventory of liquor, beverages, and convenience items.
- Established clientele providing a consistent customer base.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.9k | $14.40 |
| − Vacancy | −$1.9k | −$0.72 |
| EGI | $36.9k | $13.68 |
| − OpEx | −$9.2k | −$3.42 |
| NOI | $27.7k | $10.26 |
2,700 SF · lease $14.40/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$395.7K
$346.3K – $461.7K
NOI $27,702 @ 7.0% cap · market cap 5.54%
Second Best
Retail
$369.4K
$323.2K – $430.9K
NOI $25,855 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$716.5K
$626.9K – $835.9K
NOI $50,155 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Globe Motel
Hotel & Motel
Coinflip Bitcoin ATM
Financial Advisor
LibertyX Bitcoin ATM
Atm
Silvester Reyes Nicholas ...
University
LA BUENA CARNICERIA ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Alhuwda Market — 600 Kentucky St, Bakersfield, CA 93305
FAQs
What type of property is this?
Grocery and convenience store - Turnkey liquor store with high visibility and ample parking.
Where is this grocery and convenience store located?
The property is located at 1701 Union Ave Bakersfield, CA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: High‑traffic corner location on Union Ave, Bakersfield, ensuring excellent visibility.; Turnkey business with a well‑stocked inventory of liquor, beverages, and convenience items.; Established clientele providing a consistent customer base.
