601 Center StTaft, CA 93268

Property Details for 601 Center St

Construction

WOOD FRAME

Lot size

0.15 AC

Zone code

C-2

Property type

Retail properties

Property subtype

Parking lots & garages

APN

031-200-05-00-9

APU

3120005009

Description

This exceptional investment opportunity comprises two adjacent paved parking lots totaling approximately 0.29 acres in Taft, California. Strategically located on a hard corner at the intersection of Center Street, these lots benefit from unparalleled visibility and convenient access from multiple major thoroughfares. The property boasts a Downtown Commercial (DC) zoning designation, offering flexibility for a variety of commercial uses. Situated in a secure and established location, the lots are surrounded by quality tenants, ensuring a stable and desirable environment. The area's strong demographics include approximately 20,480 residents within a 10-mile radius. The convenient location between CA-33 and CA-119 highways provides excellent accessibility. This offering presents a rare chance to acquire prime commercial land in a thriving Taft location. The property's APN numbers are 031-200-05-00-9 and 031-200-04-00-6. Note that three additional adjacent properties are also available for purchase. The asking price for this exceptional opportunity is $150,000. The address is 601 Center St, Taft, CA 93268.

• CAP approach

  CAP return

  Valuation

  6%

  $2,679,418

  6.5%

  $2,473,308

  7%

  $2,296,644

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,054,441

  Geo Method

  $3,054,441

• Alternative Use

  Use

  Valuation

  Residential

  $2,086,328

  Hospitality

  $1,911,065

  Educational

  $1,589,984

  Medical

  $1,644,666

  Retail

  $2,473,308

Location Insight

City

Taft

County

Kern

State

California

Latitude

35.1413

Longitude

-119.461

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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