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    178 And Masterson Dr Bakersfield, CA 93306

    Sponsored
    For Lease
    Contact for pricing

    Bakersfield Retail Space - Prime Location

    Lot size:
    600,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity presents itself in the highly sought-after Northeast Bakersfield submarket of Kern County, California. City in the Hills Shopping Center is a proposed 600,000 square foot shopping center strategically located at the intersection of Highway 178 and Masterson Drive, with convenient access to Highway 185. Currently, Phase 1 offers several spaces available for lease, ranging from a minimum of 1,200 square feet to a maximum contiguous space of 40,000 square feet. This presents a unique opportunity for businesses of various sizes to establish a presence in a thriving retail environment. The property is ideal for ground lease or build-to-suit options, providing flexibility for tenants to tailor their space to their specific needs. The center's prime location in Northeast Bakersfield ensures high visibility and accessibility for customers, making it an attractive destination for shoppers. With its significant size and strategic placement, City in the Hills Shopping Center is poised to become a major retail hub in the area. The 93306 zip code offers a strong demographic profile, further enhancing the investment potential of this exceptional property. Interested parties are encouraged to inquire for further details and explore the possibilities this development offers.

    Property Features for 178 And Masterson Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    600,000 SF

    Unit(s) available at that property

    Space
    Shop Space 2,000+sf
    Size
    2,000 SF
    Space
    Anchor Space
    Size
    40,000 SF

    HighLights

    • 60‑acre development site.
    • Premier commercial zoning in established Bakersfield trade area along Highway 178.
    • Newly completed Highway 184 provides convenient access.
    • Excellent access to Bakersfield's major transportation arteries.
    • Prime location near Kern River Canyon entrance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -118.8767622
    Latitude
    35.3999048

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    FAQs

    What type of property is this?
    Retail property - Bakersfield Retail Space - Prime Location
    Where is this retail property located?
    The property is located at 178 And Masterson Dr Bakersfield, CA.
    What are key features of this property?
    This property features: 60-acre development site.; Premier commercial zoning in established Bakersfield trade area along Highway 178.; Newly completed Highway 184 provides convenient access.
    Request Owner's contact information
    178 And Masterson Dr Bakersfield, CA 93306
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    Bakersfield, CA 93306
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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
    178 And Masterson Dr Bakersfield, CA 93306
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