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Property profile & analytics
OFF-MARKET
Land

0 Watts Dr Bakersfield, CA 93307

20.87 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 20.87-acre commercial land parcel in Bakersfield, California, presents a significant investment opportunity. Located on Watts Dr, Kern County, 93307, the property boasts an R-2 Multi-Family zoning designation, ideal for developing multi-family residential units. The lot size is 20.87 acres, with a price per acre of $335,170.10, totaling an asking price of $6,995,000. The Assessor's Parcel Number (APN) is 17027024. This prime location offers convenient access to amenities and infrastructure. The property's zoning allows for the construction of a substantial multi-family development, catering to the growing housing demand in the area. Note that this listing represents only 20.87 acres of a larger 43.8-acre parcel. Proximity to the new Del-Oro High School (approximately one mile away) adds further appeal to this promising investment. Serious inquiries are encouraged to explore the potential of this exceptional development opportunity.

Property profile
Verified
Property type Land
Lot 20.87 ac (909,097 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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by Request
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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