1010 Union Ave Bakersfield, CA 93307
- Motels
- 20,425 SF
- 1.64 lot acres
Current Use by Public Records
- Country Inn Motel / Motel / Inn
- Anthony P. Porras, Substance / Medical Clinic
- El Dorado Community Service / Community Health Centre
- Albert Castaneda, FACT / Counselor
- American Health Services / Addiction Treatment Center
Property Details for 1010 Union Ave
- Year built
- 1960
- Construction
- WOOD
- Lot size
- 1.64 lot acres
- Property size
- 20,425 SF
- Zone code
- C-2
- Property type
- Motels
- APN
- 169-180-19-00-9
- APU
- 16918019009
Description
This exceptional investment opportunity presents a well-established 62-room motel situated on a spacious 1.64-acre lot at 1010 S Union Avenue, Bakersfield, CA. Established in 1960, the Country Inn Motel boasts a long-standing history of serving locals, travelers, and visitors alike. Its prime location near the Golden West Casino, a weekly outdoor swap meet, and the Kern County Fair (attracting over 300,000 attendees annually) ensures a consistent stream of guests throughout the year. The single-story motel features a mix of double-bed, single-bed, and suite accommodations. On-site amenities include a welcoming reception area and reservation desk, a two-bedroom apartment ideal for an on-site manager or owner, and convenient laundry facilities. Adding significant value to this offering is an adjacent building currently leased as a medical office, generating a stable monthly rental income of $6,000. The property also benefits from paid-off solar panels powering the on-site electric water heater system, providing cost-effective hot water for the entire property. The motel's 20,425 square feet of space and strategic location create a compelling investment prospect with substantial potential for strong returns. This turnkey operation is offered at $2,999,999 and presents a rare chance to acquire a thriving business with a proven track record and significant upside.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,120,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,260,000
- 6.5%
- $2,260,000
- 7%
- $2,475,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,165,000
- Geo Method
- $2,315,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,220,000
- Retail
- $2,380,000
- Mixed-Use
- $1,895,000
- Hospitality
- $1,895,000
- Educational
- $2,365,000
- Residential Income
- $1,995,000
- Energy
- $2,025,000
- Income-Based Land
- $1,825,000
- Food Service
- $2,310,000
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -119.002
- Latitude
- 35.3439
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
