518 Union Ave Bakersfield, CA 93307
This exceptional 5,700 square foot commercial property, located at 518-530 Union Ave, Bakersfield, CA 93307, presents a unique investment opportunity. Situated on a high-visibility corner lot at the cross streets of Union Ave and 5th Street, this two-story building boasts ample street frontage, ensuring maximum exposure for your business. Built in 1946 and extensively renovated in 2018, the property offers a blend of classic charm and modern functionality. The building is zoned C-2, allowing for a variety of commercial uses. Currently configured as a church, the main space encompasses approximately 4,000 square feet, complemented by an additional 1,700 square feet of adaptable space previously used as a restaurant. This versatile layout is ideal for a multitude of businesses, from retail and office spaces to specialized uses. The property includes 20 parking spaces, providing convenient access for customers and employees. This prime Bakersfield location offers excellent potential for a thriving business, capitalizing on high traffic and visibility. The property's size, location, and recent renovations make it an attractive option for a wide range of commercial ventures. Don't miss this chance to acquire a well-maintained, versatile commercial space in a desirable Bakersfield location.
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
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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.