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$185.19
Days on Market685
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
(661) 834-3997
Listed By:
Abdul Jobah, CCIM · License #CA 02213635
Source:
Crexi
Added: Oct 17, 2024
Changed: Aug 27
Last Checked: Sep 1 at 4:57PM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,702
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 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 authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Bakersfield, CA
Questions? Ask Rey
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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 $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.
