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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

0 Magellan Dr Tehachapi, CA 93561

5,130 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 5,130 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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