5200 Olive Tree Ct Bakersfield, CA 93308
- Motels
- 30,468 SF
- 0.56 lot acres
Current Use by Public Records
- Best Economy Inn & Suites / Motel / Hotel
Property Details for 5200 Olive Tree Ct
- Year built
- 1984
- Construction
- WOOD
- Lot size
- 0.56 lot acres
- Property size
- 30,468 SF
- Zone code
- C-2
- Property type
- Motels
- APN
- 364-211-10-00-0
- APU
- 36421110000
Description
This exceptional value-add opportunity presents a 100-key motel ideally situated in Bakersfield, California. The property, known as the Best Economy Inn, boasts a substantial 30,468 square feet of building space spread across three, two-story buildings, all situated on a generous 69,260 square foot lot. Built in 1981, the motel is zoned C2, offering potential for various redevelopment or expansion options. The property's current configuration includes 100 keys, providing a solid foundation for immediate income generation and future growth. The location at 5200 Olive Tree Ct, Bakersfield, CA 93308, within Kern County, offers convenient access to local amenities and transportation routes. This represents a significant opportunity for investors seeking to capitalize on the strong hospitality market in Bakersfield. The motivated seller invites all offers, making this a compelling investment prospect for those with a vision for enhancing and maximizing the property's potential. The property's size and zoning provide flexibility for future development plans, allowing for creative approaches to increase revenue and profitability. This is a rare chance to acquire a well-located, established motel with significant upside potential. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -119.061
- Latitude
- 35.416
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
