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    1115 Union Ave Bakersfield, CA 93304

    Sponsored
    For Lease
    $33 SF/Yr

    25,000 SF Anchored Pad, Excellent Location

    Lot size:
    25,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 25,000 square foot anchored pad site presents a unique investment opportunity in Bakersfield, California. Located at 1115 Union Avenue, this single-tenant property boasts a highly desirable location at the southwest corner of East California Avenue and Union Avenue (Highway 204), providing convenient access to Highways 58 and 178. The property is currently anchored by Superior Grocers, ensuring strong visibility and consistent traffic. The site is classified as Land with an Anchored Pad subtype in Kern County, offering significant potential for long-term growth and return. The property features shared parking in common areas, providing ample space for customers and employees. This is an ideal opportunity for investors seeking a stable, long-term ground lease investment in a thriving Bakersfield commercial area. The property's strategic location and established anchor tenant make it an attractive proposition for businesses seeking high visibility and convenient access to major transportation routes. The 93304 zip code ensures a strong local market presence. Serious inquiries are encouraged to explore the possibilities of this prime commercial land parcel. Further details regarding the potential ground lease are available upon request. This is a rare opportunity to acquire a well-positioned, high-traffic commercial property in a growing market.

    Property Features for 1115 Union Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,000 SF

    Unit(s) available at that property

    Space
    Size
    25,000 SF
    Rate per SF
    $33

    HighLights

    • 25,000 SF anchored pad site in Bakersfield, CA.
    • Located at 1115 Union Ave (SW corner of E California Ave & Hwy 204), with easy access to Hwys 58 & 178.
    • Anchored by Superior Grocers, offering high visibility and traffic.
    • Land with Anchored Pad subtype in Kern County (93304 zip code).
    • Ample shared parking.
    • Ideal for long‑term ground lease investment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Superior #147 Grocery Store Primo Water Refill Bottled Water Supplier Superior Grocers Grocery Store WEARLAND 2- Proclub ... Clothing Store Coinstar Kiosk | Bitcoin ... Atm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.0036253
    Latitude
    35.3668114

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    FAQs

    What type of property is this?
    Land - 25,000 SF Anchored Pad, Excellent Location
    Where is this land located?
    The property is located at 1115 Union Ave Bakersfield, CA.
    What is the lease rate?
    The lease rate is $33 SF/Yr.
    What are key features of this property?
    This property features: 25,000 SF anchored pad site in Bakersfield, CA.; Located at 1115 Union Ave (SW corner of E California Ave & Hwy 204), with easy access to Hwys 58 & 178.; Anchored by Superior Grocers, offering high visibility and traffic.
    Request Owner's contact information
    1115 Union Ave Bakersfield, CA 93304
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    Bakersfield, CA 93304
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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
    1115 Union Ave Bakersfield, CA 93304
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