5544 California Ave Bakersfield, CA 93309
- Drive through restaurants
- 3,219 SF
- 0.87 lot acres
Current Use by Public Records
- Tacos El Superior / Mexican Restaurant
Property Details for 5544 California Ave
- Year built
- 2005
- Construction
- WOOD FRAME
- Lot size
- 0.87 lot acres
- Property size
- 3,219 SF
- Zone code
- C2
- Property type
- Drive through restaurants
- APN
- 331-350-29-00-0
- APU
- 33135029000
Description
This exceptional 3,219 square foot freestanding restaurant building, situated on a 0.87-acre lot in Southwest Bakersfield, presents a unique investment opportunity. Built in 2005, the single-story structure boasts a convenient drive-thru and outdoor seating area, catering to the demands of a fast-paced environment. Previously occupied by a successful restaurant, the property is currently vacant and ready for immediate occupancy. The C-2 zoning allows for a variety of uses, making it ideal for a range of food service businesses. Located on California Avenue, a major arterial road, the property benefits from high visibility and excellent accessibility. The surrounding area features over 4 million square feet of office and retail space, ensuring a robust customer base. Strategic location provides easy access to other parts of Bakersfield via major roadways including Highway 99 (just 1.5 miles north), Truxtun Extension, Westside Parkway, and Stockdale Highway. The property includes 28 parking spaces, plus reciprocal parking arrangements. The property's APN is 331-350-29, and it's located in Kern County. This is a rare opportunity to acquire a well-positioned, ready-to-lease fast-food property in a thriving commercial area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,045,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,445,000
- 6.5%
- $2,475,000
- 7%
- $2,075,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,575,000
- Geo Method
- $2,120,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,265,000
- Retail
- $2,290,000
- Mixed-Use
- $1,780,000
- Hospitality
- $2,280,000
- Educational
- $2,380,000
- Residential Income
- $1,805,000
- Energy
- $1,830,000
- Income-Based Land
- $2,145,000
- Food Service
- $2,470,000
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -119.062
- Latitude
- 35.3573
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
