Technical
Financial
Distress signals
Property profile

1702 Hwy 46 Wasco, CA 93280

OFF-MARKET
Gas stations
Property ID
US09-0388752
4,379 SF 1 ac lot Built 2018
Individually Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,380 square foot retail space is available for lease at 1702 Highway 46, Unit B, in Wasco, California. Located within a bustling gas station and convenience store complex, this property benefits from high visibility and significant foot traffic on Highway 46. The space is currently in shell condition, offering a blank canvas for a variety of retail uses. Ideal for fast food or restaurant concepts, this location presents a unique opportunity to establish a thriving business. The surrounding area boasts a strong concentration of established businesses, including AM/PM, Best Western Plus, Denny's Restaurant, Dollar General, Grocery Outlet, Carl's Jr, and a Chevron gas station, ensuring a steady flow of potential customers. The property's proximity to residential areas and schools further enhances its appeal and provides access to a substantial consumer base. The entire property sits on a one-acre lot, offering ample space and potential for future expansion. The asking lease price is $3450. The total building size is 4,379 square feet. This is a prime opportunity to secure a highly visible and strategically located retail space in a thriving community.

Property profile

Verified
Property type Gas stations
Use group SERVICE STATION WITH FOOD MART
Year built 2018
Construction WOOD FRAME
Total area 4,379 SF
Lot 1 ac (43,560 SF)
Zoning code C-R
APN 487-040-46-00-5
UPID US09-0388752

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1702 Hwy 46 Wasco, CA 93280-1227
Wasco metro Census 4304 BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$425k

Owner & transaction history

since 2022
Last sale
$400,000
7 recorded transactions
2022
$500,000
2020
$400,000
2020
Price N/A
2017
$325,100
2017
$150,000
2017
Price N/A
2016
Price N/A

Zoning & alternative use

C-R · Wasco, CA
Zoning description

The C-R zone provides for larger clusters of commercial establishments serving community center retail including general merchandise, variety, specialty stores, larger scale retailers and uses oriented to highways in the…

General category COMMERCIAL

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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