2503 Niles St Bakersfield, CA 93306
- Commercial land
- 0.33 lot acres
Current Use by Public Records
- Greater Bakersfield Ministries / Church
Property Details for 2503 Niles St
- Construction
- WOOD FRAME
- Lot size
- 0.33 lot acres
- Zone code
- C-1
- Property type
- Commercial land
- APN
- 137-390-21-00-2
- APU
- 13739021002
Description
This exceptional 1.76-acre mixed-use property in Bakersfield, CA, presents a compelling redevelopment opportunity. Located at 2503 Niles St, this C-Class, fee-simple site boasts approximately 8,700-8,800 square feet across three buildings on six parcels, with 378 feet of Niles Street frontage and multiple access points. The property features a two-story building, a separate office building, and a sanctuary, currently operating at 100% occupancy. Built in 1961, the buildings are situated on a lot zoned C-1 & R-2, allowing for adaptive reuse or new construction. The existing structures offer a combined rentable square footage of approximately 8,700-8,800 square feet. This high-visibility corner location on a busy retail corridor presents significant potential for a junior anchor tenant plus additional retail, quick-service restaurants, or a gas station. The asking price is $1,950,000, representing a price per square foot below replacement cost. The property is subject to a ground lease and is suitable for a 1031 exchange. This irreplaceable infill real estate offers tremendous upside potential for the right vision. The property's APN is 137-390-26-6.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -118.962
- Latitude
- 35.3755
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
