Hageman Rd Bakersfield, CA 93312
- Apartment buildings
- 8.20 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 0 Hageman Rd
- Lot size
- 8.20 lot acres
- Property type
- Apartment buildings
Description
This exceptional 8.2-acre commercial land parcel presents a remarkable investment opportunity in Northwest Bakersfield, California. Located near the intersection of Hageman Road and Verdugo Lane, this property boasts a prime location within a thriving trade area. The land is comprised of two parcels, APN 526-570-07 & 526-570-03, and is zoned C-1. A Conditional Use Permit (CUP) has already been approved for the development of a 205-unit multifamily apartment building, significantly streamlining the development process and reducing potential delays. This pre-approved project offers strong multi-family fundamentals and benefits from robust city support, making it an attractive proposition for experienced developers and investors. The asking price for this exceptional opportunity is $5,400,000. The property's strategic location and the existing CUP provide a clear path to a high-return investment in a growing Bakersfield market. This is a rare chance to acquire a large, well-situated parcel with significant development potential, ready for immediate action. Don't miss this chance to capitalize on the strong multi-family market in Bakersfield. The property's size and approved plans offer a significant advantage in today's competitive market.
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
- -119.163
- Latitude
- 35.3981
