Property summary
This exceptional retail opportunity in Bakersfield, CA, presents 29,565 square feet of vacant space in a 29,565 square foot building situated on 1.29 acres of land. Built in 1986 and zoned M-2, the property boasts a highly desirable location at 1211 Olive Dr, Bakersfield, CA 93308, at the southeast corner of Roberts Lane and Olive Drive. Benefitting from excellent visibility and accessibility, the property enjoys daily traffic counts exceeding 20,000 vehicles and convenient access to Highway 99. The property is currently anchored by 99¢ Only Stores and a new Grocery Outlet, ensuring high foot traffic and a strong retail environment. Additional co-tenants include established businesses such as Goodwill, Subway, H&R Block, and Sonic, creating a vibrant and diverse tenant mix. The property's single suite configuration offers significant flexibility for a variety of retail uses. The APN is 116-200-17. This is a rare opportunity to secure a prominent retail space in a thriving Bakersfield location.
Property profile
VerifiedCap rate & NOI
Current use
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Furniture & Home Goods Home Decor Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The intent of M-1 zone is to promote general industrial manufacturing and related uses
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
M-2 · Bakersfield, CAThe intent of M-1 zone is to promote general industrial manufacturing and related uses
Zoning
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Zoning designation
Official district profile
The intent of M-1 zone is to promote general industrial manufacturing and related uses
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M-2 in Bakersfield, CA.
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