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    Central Ave Wasco, CA 93280

    For Sale
    $1,700,000

    8.23 Acres, Multifamily Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 8.23-acre commercial land parcel presents a compelling investment opportunity in Wasco, California. Strategically located in Kern County, this property boasts a prime position adjacent to a Walmart, ensuring high visibility and convenient access. The site is zoned R-3, making it ideal for multifamily development. All city utilities, including PG&E, are readily available, and the land features existing curb and gutter infrastructure. The property's APN is 487-010-69-00. Wasco's location at the intersection of State Routes 43 and 46 provides excellent connectivity. The asking price for this exceptional development site is $1,700,000. This represents a significant opportunity to capitalize on the strong demand for housing in this growing area, leveraging the established presence of a major retailer to enhance the property's value and appeal. The property's proximity to Bakersfield, a larger city just 24 miles away, further enhances its investment potential. This is a rare chance to acquire a well-situated, ready-to-develop parcel in a thriving California market. The land is easily accessible and benefits from existing infrastructure, minimizing development costs and accelerating project timelines. This is an ideal opportunity for developers seeking a high-impact investment with significant long-term growth potential.

    Property Features for 0 Central Ave

    General Information

    Property type
    Land
    Lot Size
    358,499 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wasco
    County
    Kern
    State
    California
    Longitude
    -119.3580888
    Latitude
    35.602557

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    FAQs

    What type of property is this?
    Land - 8.23 Acres, Multifamily Potential
    Where is this land located?
    The property is located at Central Ave Wasco, CA.
    What is the asking price?
    The asking price for this property is $1,700,000.
    (208) 329-4610
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    Central Ave 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
    Central Ave Wasco, CA 93280
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