1115 Union Ave Bakersfield, CA 93304
Property Lookup
Property profile & analytics
1115 Union Ave Bakersfield, CA 93304
- Grocery and convenience stores
- 55,536 SF
- 4.19 lot acres
Property ID
US09-0061336
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Superior #147 / Grocery & Convenience Store / Food Market
- Primo Water Refill / Big Box & Wholesale Store
- Superior Grocers / Grocery & Convenience Store / Food Market
- WEARLAND 2- Proclub Shaka Newera / Clothing Store / Hat Shop
- Coinstar Kiosk | Bitcoin ATM / Atm / Currency Exchange Service
Property Details for 1115 Union Ave
- Year built
- 2002
- Construction
- WOOD
- Lot size
- 4.19 lot acres
- Property size
- 55,536 SF
- Zone code
- C2
- Property type
- Grocery and convenience stores
- APN
- 009-512-03-00-4
- APU
- 951203004
Description
This exceptional 25,000 square foot anchored pad site presents a unique investment opportunity in Bakersfield, California. Located at 1115 Union Avenue, this single-tenant property boasts a highly desirable location at the southwest corner of East California Avenue and Union Avenue (Highway 204), providing convenient access to Highways 58 and 178. The property is currently anchored by Superior Grocers, ensuring strong visibility and consistent traffic. The site is classified as Land with an Anchored Pad subtype in Kern County, offering significant potential for long-term growth and return. The property features shared parking in common areas, providing ample space for customers and employees. This is an ideal opportunity for investors seeking a stable, long-term ground lease investment in a thriving Bakersfield commercial area. The property's strategic location and established anchor tenant make it an attractive proposition for businesses seeking high visibility and convenient access to major transportation routes. The 93304 zip code ensures a strong local market presence. Serious inquiries are encouraged to explore the possibilities of this prime commercial land parcel. Further details regarding the potential ground lease are available upon request. This is a rare opportunity to acquire a well-positioned, high-traffic commercial property in a growing market.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $10,505,000
- 6.5%
- $9,700,000
- 7%
- $9,005,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $7,781,000
- AI Estimate
- $9,726,000
Market price range: $2.81M - $7.78MMarket price range: $2.87M - $9.73M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $6,460,000 Current use
- MEDICAL BUILDING
- $12,700,000 Change: +97% Conversion: Difficult
- OFFICE BUILDING
- $11,725,000 Change: +82% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $10,135,000 Change: +57% Conversion: Difficult
- WAREHOUSE, STORAGE
- $9,580,000 Change: +48% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $7,690,000 Change: +19% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -119.004
- Latitude
- 35.3673
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$103,764
$2,784,192
$5,986,029
$8,770,221
-
$0.00
$0.00
$0.00
