Property summary
This freestanding, 2,415 sq ft auto shop in Bakersfield, CA, presents a unique investment opportunity. Located on a busy Union Avenue corner lot (0.25 acres) with high daily traffic (+33,000 CPD), this single-story, Class C building boasts six auto bays, four automotive lifts, a smog dyno, and five functional roll-up doors. The 10-11' clearance height provides ample space for various automotive services. Additional features include an office, storage room, and a fenced private rear yard with an outside air compressor and small canopy. The property benefits from central HVAC (office) and gas heaters (shop). Four points of ingress/egress enhance accessibility. A significant advantage is the existing billboard lease with Lamar (NASDAQ: LAMR), generating $1,800 annual rent plus performance-based bonuses, with 10 years remaining on a 20-year lease. The M1 zoning allows for flexibility, potentially accommodating a drive-thru food service or retail conversion. This turnkey operation is fully fixturized and includes specialized improvements. The property's prime location near the 178 Highway, Downtown Bakersfield, and Highways 99 and 58 makes it highly attractive. The asking price is $650,000, with a price per square foot of $269.15. APN: 016-140-15-00-0. Fee simple ownership.
Property profile
VerifiedCap rate & NOI
Current use
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Airport
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Auto Repair Shop
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The intent of M-1 zone is to promote light 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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Cap rate
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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-1 · Bakersfield, CAThe intent of M-1 zone is to promote light manufacturing and related uses
Zoning
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Zoning designation
Official district profile
The intent of M-1 zone is to promote light 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-1 in Bakersfield, CA.
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