3122 Niles StBakersfield, CA 93306

Property Details for 3122 Niles St

Construction

WOOD

Lot size

0.25 AC

Property size (Sq ft)

4,800 SF

Property type

Retail properties

Property subtype

Retail space

APN

134-050-13-00-9

APU

13405013009

Description

This exceptional 1,200 square foot retail space is part of a 4,800 square foot retail center located at 3122 Niles St, Bakersfield, CA 93306. The property boasts excellent visibility and high traffic counts due to its strategic location along Niles St, near the intersection of Uffert St. This single-story, Class C building offers a total of 18 parking spaces for ample customer convenience. The space is immediately available and is part of a multi-tenant building with established businesses including Pizza Hut, Fred Loya Insurance, and Sigue. The property sits on a 10,890 square foot lot and is zoned C-1. The building itself is 4,800 square feet with a total of four suites. The minimum divisible space is 1,200 square feet, and the maximum contiguous space available is also 1,200 square feet. This presents a fantastic opportunity for a variety of retail businesses. The surrounding area features a strong retail presence, including Vallarta Supermarkets, Walmart, AutoZone, O'Reilly Auto Parts, 99 Cents Only Stores, Dollar Tree, and Food Max, ensuring high foot traffic and a thriving commercial environment. The property's APN is 134-050-13, located in Kern County's East Bakersfield submarket. This is a rare opportunity to secure a well-located retail space in a bustling commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,010,676

  6.5%

  $1,856,008

  7%

  $1,723,436

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,300,175

  Geo Method

  $2,300,175

• Alternative Use

  Use

  Valuation

  Residential

  $1,565,612

  Hospitality

  $1,434,093

  Educational

  $1,193,148

  Medical

  $1,234,182

  Retail

  $1,856,008

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3762

Longitude

-118.948

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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