701 Decatur StBakersfield, CA 93308

  • Land
  • 762 SF
For Lease

Property Details for 701 Decatur St

Year built
1937
Construction
WOOD FRAME
Lot size
0.16 AC
Property size (Sq ft)
762 SF
Zone code
C1
Property type
Land
Property subtype
Commercial land
APN
113-055-16-00-0
APU
11305516000

Description

This Bakersfield, CA property offers a unique investment opportunity. Situated on a 7,000 square foot corner lot at the intersection of Decatur Street and Sequoia Drive in Oildale, this location boasts high visibility due to a four-way stop sign and significant daily traffic. The existing 762 square foot building, constructed in 1937, presents a potential redevelopment project. Currently vacant, the building includes all utilities and sits on a 0.16-acre lot (6,800-7,000 sq ft). Zoned C-1 (Neighborhood Commercial) within Kern County, this property allows for a variety of commercial uses. The building's condition is described as distressed, offering a chance to renovate and create a thriving business. The property's address is 701 1/2 Decatur Street, Bakersfield, CA 93308, with APN 113-055-16-00-0. This single-tenant property presents a compelling opportunity for investors seeking a high-traffic location with redevelopment potential. The property's classification is Class D.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $248,652
    Hospitality
    $227,763
    Educational
    $189,497
    Medical
    $196,014
    Retail
    $294,772
701 Decatur St, Bakersfield, California
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Location Insight

City
Bakersfield
County
Kern
State
California
Latitude
35.4133
Longitude
-119.035
CBSA code
12540
CBSA name
BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,722
$56,000
$35,000
$91,000
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