0 Hwy 46 & Magnolia Ave Wasco, CA 93280
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.