Technical
Financial
Distress signals
Property profile

1201 24th St Bakersfield, CA 93301

OFF-MARKET
Strip malls
Property ID
US09-2495387
43,945 SF 2.1 ac lot Built 2006
Entity Owned Free & Clear
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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

Current use

Occupant on record · Public records
  • Dental Office
  • Engineer
  • Dental Office
  • Restaurant
  • Organic Farm

Location

1201 24th St Bakersfield, CA 93301-2300
Bakersfield metro Census 1600 BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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