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    34997 Lerdo Hwy Bakersfield, CA 93308

    Sponsored
    For Sale
    $400,000

    10-acre tract, prime Bakersfield location, owner financing.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 10-acre property presents a unique investment opportunity in rapidly developing North Bakersfield. Located at 34997 Lerdo Hwy, Bakersfield, CA 93308 (APN 481-040-19), this land boasts versatile A-1 zoning, suitable for agricultural, residential, and industrial uses. The asking price is $400,000, translating to $35,000 per acre. Situated conveniently north of Lerdo Highway, east of the 99 Freeway, and west of CA-65 (Porterville Highway), this parcel offers excellent accessibility and proximity to major transportation routes. The property is adjacent to a 30-acre parcel also available for purchase, presenting the potential for a larger, 40-acre acquisition. Attractive owner financing is available, featuring a low down payment and manageable monthly payments structured over a 3-5 year term. Negotiable financing terms make this an accessible entry point for various investors and developers. This small acreage presents a compelling opportunity to capitalize on Bakersfield's growth trajectory.

    Property Features for 34997 Lerdo Hwy

    General Information

    Property type
    Farms
    Lot Size
    435,600 SF

    HighLights

    • Prime North Bakersfield location, poised for growth.
    • Owner financing options available.
    • Small parcel size.
    • Adjacent 30‑acre parcel also for sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.09418875
    Latitude
    35.5130601

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    FAQs

    What type of property is this?
    Farm - 10-acre tract, prime Bakersfield location, owner financing.
    Where is this farm located?
    The property is located at 34997 Lerdo Hwy Bakersfield, CA.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Prime North Bakersfield location, poised for growth.; Owner financing options available.; Small parcel size.
    Request Owner's contact information
    34997 Lerdo Hwy Bakersfield, CA 93308
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    34997 Lerdo Hwy Bakersfield, CA 93308
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