Nwc Rosedale Hwy & Lassen Dr Bakersfield, CA 93312
- Land
- 5.36 lot acres
Current Use by Public Records
- Land
Property Details for 0 Nwc Rosedale Hwy & Lassen Dr
- Lot size
- 5.36 lot acres
- Property type
- Land
Description
This exceptional 5.36-acre commercial land parcel presents a compelling investment opportunity in Bakersfield, California. Strategically located at the northwest corner of Rosedale Highway and Lassen Drive, this property boasts significant visibility and accessibility due to its high-traffic location. Rosedale Highway sees an impressive 20,007 average annual daily traffic, ensuring substantial exposure for any development. The property is zoned C-O, but the seller has already initiated the entitlement process for multifamily (R-2) zoning, opening up a wider range of development possibilities. The parcel includes four APNs: 465-030-02, 06, 07 & 08. Situated in the Northwest Bakersfield trade area, this site offers convenient access to major transportation routes and a thriving local market. The asking price for this prime commercial land is $2,925,000. This represents a rare chance to acquire a sizable, well-positioned lot with significant development potential in a rapidly growing area. The existing C-O zoning provides immediate flexibility, while the ongoing multifamily entitlement process further enhances the property's long-term value and potential returns. Don't miss this opportunity to secure a piece of Bakersfield's vibrant commercial landscape.
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
- -119.139
- Latitude
- 35.3836
