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Property profile & analytics
OFF-MARKET
Strip malls

1201 24th St Bakersfield, CA 93301-2300

43,945 SF 2.1 ac lot Built 2006
Entity Owned Free & Clear
Property ID
US09-2495387
Property summary
AI-generated overview

The Village at Towne Centre, located at 1201 24th Street in Bakersfield, California (zip code 93301), presents a unique investment opportunity. This single, two-story building offers a combined 6,159 square feet of retail and office space, situated on a prominent corner lot at the intersection of 24th Street and L Street. The property is zoned C-2, allowing for a variety of commercial uses. Currently, there are multiple spaces available, ranging from a minimum of 960 square feet to a maximum contiguous space of 4,000 square feet. A total of 11,412 square feet is currently vacant, presenting significant potential for immediate income generation. The property's location in Kern County provides excellent access to a thriving Bakersfield market. This is an exceptional opportunity to acquire a well-situated commercial property with considerable flexibility for various business types. The property's size and layout make it ideal for a variety of tenants, from small businesses to larger retail operations. The existing infrastructure is ready for immediate occupancy, minimizing upfront investment costs. This prime Bakersfield location offers high visibility and easy access for customers and employees. The property's strategic location and flexible space options make it an attractive investment for both short-term and long-term growth.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2006
Construction WOOD
Total area 43,945 SF
Lot 2.1 ac (91,476 SF)
Zoning code C2
APN 005-332-01-00-8
UPID US09-2495387
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Western Dental & Orthodontics Dental Office
  • Agbayani Structural Engineering Engineer
  • Dr. Madhuri Kothapalli, DDS Dental Office
  • Juicy Burger Restaurant
  • Creekside Organics Inc Organic Farm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Srk Assets LLC
Srk Assets LLC
since 2025
Last sale
$8.5M
7 recorded transactions
2025
Price N/A
2025
$8.5M
2025
Price N/A
2023
$6.1M
2021
$7.8M
2004
Price N/A
2003
$500,000
Zoning & alternative use
C2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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