1700 Niles St Bakersfield, CA 93305
- Retail space
- 3,180 SF
- 0.35 lot acres
Current Use by Public Records
- Pelacocos #1 / Barber Shop
- Erbalife / Grocery Store
- Rumbo Travel / Travel Agency
- Fast Stop / Convenience Store / Liquor Store
- Botanica 7 Arcangeles / Store
Property Details for 1700 Niles St
- Year built
- 2002
- Construction
- WOOD
- Lot size
- 0.35 lot acres
- Property size
- 3,180 SF
- Zone code
- C-1
- Property type
- Retail space
- APN
- 138-140-13-00-3
- APU
- 13814013003
Description
This exceptional 600-square-foot retail space, located at 1700 Niles Street in Bakersfield, California (zip code 93305), presents a unique investment opportunity within a well-established shopping center. The property is ideally suited for a variety of uses, including convenience stores, liquor stores, food establishments, office spaces, or medical clinics. Its single-tenant occupancy offers flexibility and control for the new owner. The building's location within a thriving shopping center provides excellent visibility and accessibility, ensuring high foot traffic and potential for significant growth. The property is situated in Bakersfield, CA, a dynamic city with a robust economy and a growing population. This prime location offers easy access to major transportation routes, ensuring convenient access for both customers and employees. The property's versatile nature makes it an attractive option for a wide range of businesses seeking a well-positioned space in a bustling commercial area. The existing infrastructure within the shopping center provides a supportive environment for new businesses to thrive. This is a rare opportunity to acquire a well-located, single-tenant retail space with significant upside potential in a growing market. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $265,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $210,000
- 6.5%
- $180,000
- 7%
- $195,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $185,000
- Geo Method
- $185,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $205,000
- Retail
- $190,000
- Mixed-Use
- $205,000
- Hospitality
- $220,000
- Educational
- $160,000
- Residential Income
- $205,000
- Energy
- $175,000
- Income-Based Land
- $180,000
- Food Service
- $170,000
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -118.975
- Latitude
- 35.3786
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA