Established Liquor Store on
For Sale
Contact for pricing
1701 Union Ave, Bakersfield, CA 93305
Turnkey liquor store with high visibility and ample parking.
Property Size2,700 SF
Price / SF$162.96
Days on Market731
Property Features for 1701 Union Ave
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Retail
Building Details
Buildings
1
Stories
1
Units
1
Listing Agency:
Jobah's Commercial
Listed By:
Abdul Jobah, CCIM · License #CA 02213635
(661) 834-3997
Source:
Crexi
Added: Oct 17, 2024
Changed: Oct 14
Last Checked: Oct 16 at 7:08AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,702
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,040
$554.0K
Cap Rate 7%
$395,743
$395.7K
Cap Rate 9%
$307,800
$307.8K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$38.9K $14.40/SF
− Vacancy
−$1.9K −$0.72/SF
EGI
$36.9K $13.68/SF
− OpEx
−$9.2K −$3.42/SF
NOI
$27.7K $10.26/SF
Area
Bakersfield, CA
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,040
Cap Rate 7%
$395,743
Cap Rate 9%
$307,800
Alternative Uses
Best Use
Specialty Retail
$395.7K
$346.3K – $461.7K
NOI $27,702 @ 7.0% cap · market cap 6.30%
Second Best
Retail
$369.4K
$323.2K – $430.9K
NOI $25,855 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$716.5K
$626.9K – $835.9K
NOI $50,155 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,404
Businesses Nearby
100k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 52%
Dining 26%
Shops & Services 16%
Home Improvements & Furnishings 4%
Superior Grocers
Groceries
51,756 visits/mo
0.5 miles
McDonald's
Dining
22,381 visits/mo
0.1 miles
7-Eleven
Shops & Services
7,383 visits/mo
0.2 miles
Mobil
Shops & Services
5,302 visits/mo
0.1 miles
Johnstone Supply
Home Improvements & Furnishings
4,059 visits/mo
0.4 miles
Demographics for 93305, CA
38,392
Population
11,824
Households
3.2
Avg Household Size
29
Median Age
9%
College-Educated
64%
High-School Grad
5.8 sq mi
ZIP Area
6,619
Density / Sq Mi
$41,290
Median Household Income
$27,936
Median Earnings
$1,065
Median Rent
$245,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Bakersfield, CA
Similar Off Market Nearby
- Superior — 1175 Union Ave, Bakersfield, CA 93307
- Central Cali Deli & Grocery — 801 E California Ave, Bakersfield, CA 93307
- Alhuwda Market — 600 Kentucky St, Bakersfield, CA 93305
Frequently Asked Questions
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 $440,000.
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.
