0 Magellan Dr Tehachapi, CA 93561
This exceptional retail property at 860 Magellan Dr, Tehachapi, CA 93561, offers a unique investment opportunity. The 5,130 square foot building is situated on a nearly one-acre lot and features multiple tenancies, currently including a restaurant space and a future gas station. A significant portion of the building, 3,086 square feet, is currently vacant and available for lease. The restaurant space boasts 2,000 square feet, a 10-car stacking drive-thru lane, and a 1,086 square foot patio. This prime location offers excellent freeway visibility, being just one block from the Highway 58 on/off ramp. The area is experiencing rapid growth, with recent additions including Starbucks, Home Depot, Tractor Supply Co., Adventist Hospital, and two hotels all within two blocks. The property's development is well underway, with a Conditional Use Permit (CUP) already approved and construction documents submitted for city approval. The gas station component will feature 10 pumps, and the property is designed to accommodate a market as well. Minimum divisible space is 1,086 square feet, with a maximum contiguous space of 2,000 square feet available. This property presents a compelling opportunity for businesses seeking high visibility and access to a thriving, growing market in Kern County.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.