Corner Mexican Restaurant
1736 Union Avenue Bakersfield, CA 93305
1736 Union Avenue, Bakersfield, CA, 93305
$799,999
For Sale
$799,999
Operating Mexican restaurant on a C-2 corner parcel with high daily traffic counts on two streets.
Property Size3,681 SF
Lot Size0.49 Acres
Price / SF$217.33
Days on Market156
Property Features for 1736 Union Avenue
General Information
- Standard status
- Active
- Size
- 3,681 SF
- Lot size
- 0.49 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1965
Listing agency
Coldwell Banker Preferred, REALTORS
(661) 205-7078
Listed by
Adam Belter · License #01896162
(661) 205-7078
Source
Xome
Added: Feb 16 Updated: Jul 22 at 9:45AM Checked: Jul 22 at 9:45AM
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 Coldwell Banker Preferred, REALTORS
Investment Insights
Based on property information with market context.
This offering is for a long-standing, operating Mexican restaurant and the underlying C-2 zoned real estate located on a high-traffic corner. The property includes a restaurant building on a parcel just under one-half acre, with the restaurant currently operating and producing day-to-day business activity; prospective buyers are asked not to disturb operations.
The site is positioned on the corner of Union Avenue and 18th Street. Public remarks indicate average daily traffic of approximately 23,000 to 32,000 cars per day on Union Avenue and approximately 2,000 to 3,000 cars per day on 18th Street.
According to the seller, the price is intended to include the land, building, fixtures, liquor license, kitchen equipment, security gates, and inventory. The seller would also consider selling the land and building separately.
The site is positioned on the corner of Union Avenue and 18th Street. Public remarks indicate average daily traffic of approximately 23,000 to 32,000 cars per day on Union Avenue and approximately 2,000 to 3,000 cars per day on 18th Street.
According to the seller, the price is intended to include the land, building, fixtures, liquor license, kitchen equipment, security gates, and inventory. The seller would also consider selling the land and building separately.
Key Highlights
- Operating Mexican restaurant on a C‑2 corner parcel at Union Avenue and 18th Street
- High traffic counts: Union Ave averages 23,000–32,000 cars/day and 18th St averages 2,000–3,000 cars/day
- Restaurant building size: 3,681 SF
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 | $53.0k | $14.40 |
| − Vacancy | −$2.7k | −$0.72 |
| EGI | $50.4k | $13.68 |
| − OpEx | −$12.6k | −$3.42 |
| NOI | $37.8k | $10.26 |
3,681 SF · lease $14.40/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$539.5K
$472.1K – $629.5K
NOI $37,767 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$976.8K
$854.7K – $1.14M
NOI $68,378 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Operating Mexican restaurant on a C-2 corner parcel with high daily traffic counts on two streets.
Where is this conventional restaurant located?
The property is located at 1736 Union Avenue Bakersfield, CA.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Operating Mexican restaurant on a C‑2 corner parcel at Union Avenue and 18th Street; High traffic counts: Union Ave averages 23,000–32,000 cars/day and 18th St averages 2,000–3,000 cars/day; Restaurant building size: 3,681 SF
