2503 Niles St Bakersfield, CA 93306
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1.76-acre prime retail redevelopment opportunity.
Property size:
8,700 SFProperty Features for 2503 Niles St
General Information
- Property type
- Restaurants
- Square Feet
- 8,700 SF
- Class
- C
- Lot Size
- 76,666 SF
Building Details
- Year Built
- 1961
- Buildings
- 3
- Stories
- 2
- Units
- 3
Listing Agent: Felix Diaz
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 1.76-acre mixed-use property in Bakersfield, CA, presents a compelling redevelopment opportunity. Located at 2503 Niles St, this C-Class, fee-simple site boasts approximately 8,700-8,800 square feet across three buildings on six parcels, with 378 feet of Niles Street frontage and multiple access points. The property features a two-story building, a separate office building, and a sanctuary, currently operating at 100% occupancy. Built in 1961, the buildings are situated on a lot zoned C-1 & R-2, allowing for adaptive reuse or new construction. The existing structures offer a combined rentable square footage of approximately 8,700-8,800 square feet. This high-visibility corner location on a busy retail corridor presents significant potential for a junior anchor tenant plus additional retail, quick-service restaurants, or a gas station. The asking price is $1,950,000, representing a price per square foot below replacement cost. The property is subject to a ground lease and is suitable for a 1031 exchange. This irreplaceable infill real estate offers tremendous upside potential for the right vision. The property's APN is 137-390-26-6.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Greater Bakersfield Ministries
Church
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -118.9630673408
- Latitude
- 35.375859549791
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FAQs
What type of property is this?
Restaurant - 1.76-acre prime retail redevelopment opportunity.
Where is this restaurant located?
The property is located at 2503 Niles St Bakersfield, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 1.76-acre mixed-use property in Bakersfield, CA, on six parcels.; 378 feet of Niles Street frontage with multiple access points.; High-visibility corner location on a busy retail corridor.
