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    Hwy 46 & Magnolia Ave Wasco, CA 93280

    For Sale
    $550,000

    Prime 1.92-acre commercial lot in Wasco, CA.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.92-acre commercial land parcel presents a unique investment opportunity in Wasco, California. Strategically located at the intersection of Highway 46 and Magnolia Avenue, this property boasts a highly desirable C-2 zoning designation, opening doors to a wide range of commercial development possibilities. The asking price is $550,000, translating to $286,458 per acre, reflecting the significant value of this prime location. The property's APN is 487-150-01. Its prime location offers excellent visibility and accessibility, benefiting from a high traffic count of 16,000 AADT (Caltrans 2012 data). This location is further enhanced by its proximity to a proposed Walmart and a new retail development center, promising significant future growth and increased property value. A feasibility study detailing potential on-site and off-site improvements is available upon request, providing valuable insights for potential developers. This property is situated in Kern County, California, with a Wasco zip code of 93280. The coordinates are 35.5668541 latitude and -119.3672882 longitude. Don't miss this chance to acquire a highly sought-after commercial land parcel in a rapidly developing area.

    Property Features for 0 Hwy 46 & Magnolia Ave

    General Information

    Property type
    Land
    Lot Size
    83,635 SF

    HighLights

    • High‑traffic corner lot at Highway 46 and Magnolia Avenue, Wasco, CA.
    • Excellent Highway 46 visibility.
    • C‑2 zoning in Wasco.
    • Excellent Highway 46 visibility.
    • Proximity to proposed Walmart and new retail center.
    • Feasibility study for site improvements available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wasco
    County
    Kern
    State
    California
    Longitude
    -119.3672882
    Latitude
    35.5668541

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    FAQs

    What type of property is this?
    Land - Prime 1.92-acre commercial lot in Wasco, CA.
    Where is this land located?
    The property is located at Hwy 46 & Magnolia Ave Wasco, CA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: High-traffic corner lot at Highway 46 and Magnolia Avenue, Wasco, CA.; Excellent Highway 46 visibility.; C-2 zoning in Wasco.
    Request Owner's contact information
    Hwy 46 & Magnolia Ave Wasco, CA 93280
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    Wasco, CA 93280
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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
    Hwy 46 & Magnolia Ave Wasco, CA 93280
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