1201 Columbus St Bakersfield, CA 93305-2009
- Retail space
- 3,950 SF
- 0.28 lot acres
Sep 11, 2020
Current Use by Public Records
- The Coughy Co / Tobacco Shop
- Dollar World Market & Frosty Fresh / Convenience Store
Property Details for 1201 Columbus St
- Year built
- 1970
- Construction
- WOOD
- Lot size
- 0.28 lot acres
- Property size
- 3,950 SF
- Zone code
- C-1
- Property type
- Retail space
- APN
- 126-031-24-00-3
- APU
- 12603124003
Description
This exceptional 3,950-square-foot retail space, located at 1201 Columbus Street in Kern County, presents a unique investment opportunity. Built in 1970, this single-story, single-tenant building sits on a 0.28-acre lot and is currently vacant. The property is ideally suited for a variety of retail uses, particularly businesses requiring significant refrigerated storage. The existing infrastructure includes a substantial nine-door walk-in refrigerator, perfect for maintaining perishable goods. Additionally, the property features convenient floor sinks and tile flooring, contributing to a clean and efficient workspace. The building's single-tenant configuration offers flexibility and control for the new owner. This turnkey solution allows for a swift transition into operations, minimizing setup time and maximizing return on investment. The property's location within Kern County offers excellent access to local markets and transportation routes. This is a rare chance to acquire a well-maintained, ready-to-occupy retail space in a desirable location. The combination of existing features and prime location makes this property an attractive proposition for discerning investors and entrepreneurs. The 0.28-acre lot provides ample space for potential expansion or outdoor operations. This property is ready for immediate occupancy and offers a significant advantage for businesses seeking a functional and well-equipped space.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $370,000
- ML approach
- $435,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $630,000
- 6.5%
- $580,000
- 7%
- $540,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $379,000
- AI Estimate
- $547,000
Market price range: $135k - $379kMarket price range: $189k - $547k
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Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -118.98
- Latitude
- 35.3972
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA