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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

178 And Masterson Dr Bakersfield, CA 93306

600,000 SF
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Total area 600,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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