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Property profile & analytics
FOR SALE
Industrial land

1670 Golden State Ave Bakersfield, CA 93301

0.45 ac lot
Entity Owned 16-yr Hold Free & Clear
Property ID
US09-1255392
Property summary
AI-generated overview

This exceptional commercial land offering presents a unique development opportunity in Bakersfield's vibrant Central Business District. Encompassing 1 to 9.3 acres at 1670 & 1700 Golden State Avenue, this property is situated just north of 30th Street and east of Chester Avenue. The site, zoned M-2 (Medium Industrial), is the largest available parcel within the Central Business District and benefits from a completed Phase II environmental assessment, requiring no further action. All existing structures have been removed, making it ready for immediate development. This prime location boasts high traffic volume, exceeding 50,000 cars daily, and enjoys proximity to three regional hospitals within a two-mile radius. The land is designated as a redevelopment zone, presenting significant potential for various commercial ventures. Land value ranges from $18 to $35 per square foot. This is an unparalleled chance to acquire a substantial, strategically located parcel in a thriving California market. The property is located in Kern County, CA, zip code 93301.

Property profile
Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Construction WOOD FRAME
Lot 0.45 ac (19,602 SF)
Zoning code M-2
APN 001-020-19-00-9
UPID US09-1255392
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Related Properties INC · 16 yrs held
Related Properties INC
since 2009
2 recorded transactions
2009
Price N/A
2008
$2.1M
Zoning & alternative use
M-2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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