1 075.81 +/- Acres Bakersfield, CA 93308
- Mixed-use properties
- 1,075.81 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 1 075.81 +/- Acres
- Lot size
- 1,075.81 lot acres
- Property type
- Mixed-use properties
- Property subtype
- Land
Description
Exceptional investment opportunity: 1,075.81 +/- acres of diverse farmland in Bakersfield, CA (93308), encompassing 265 +/- net planted acres of Navel and Valencia citrus, 530.36 +/- net acres of open/uncultivated farmland, and 279.76 +/- net acres of rangeland. This contiguous property boasts dramatic elevation changes, ranging from Bena Road to Caliente Creek (the Wash) to Neumarkel Road. The land features Grade 1, 2, 3, and 4 soils, predominantly high-quality, and benefits from both surface and groundwater service areas. A significant advantage is the inclusion of a water banking site for high-flow years. The property also includes two residential properties, two equipment barns, and four yard footprints spread across Ranches 4/5, Nehr, 9, and 10. The asking price is $17,125,000 ($15,873.97 per gross acre), with all cash payment required at closing. The property's APN numbers are: 179-062-15, 18, 22, 25, 34, 35, 41; 179-020-14; 179-070-02, 09, 12; 179-080-01; 179-101-03. The permitted zoning is MDB&M. This diversified asset offers a strong hedge against fluctuating commodity prices.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -118.79
- Latitude
- 35.3281
