2627 Haley St Bakersfield, CA 93305-2838

Property Details for 2627 Haley St

Year built

1982

Construction

WOOD

Lot size

0.39 lot acres

Property size

6,720 SF

Zone code

C-2

Property type

Retail space

APN

126-020-01-00-6

APU

12602001006

Description

This exceptional investment opportunity presents a 6,720-square-foot retail center in Bakersfield, CA, anchored by a corporate-leased O'Reilly Auto Parts. Situated on a highly visible 16,988-square-foot C2-zoned corner lot at the signalized intersection of Columbus and Haley Streets, this property boasts 105 feet of frontage on Haley Street and 137 feet on Columbus Street. The location benefits from significant daily traffic volume, estimated at approximately 30,000 vehicles, ensuring maximum exposure. The center currently houses two tenants, including the O'Reilly's Auto Parts and another market, and offers ample on-site parking with 18 spaces directly in front of the building. Its prime corner pad location within a larger commercial center anchored by Lowe's, Foods Co., Dollar Tree, and the Social Security Administration provides significant synergy and increased foot traffic. Excellent freeway access is a key advantage, with the 178 Freeway just a quarter-mile away. The strong demographics further enhance the investment potential, with over 20,000 residents within a one-mile radius and over 120,000 within a three-mile radius. Built in 1982, this property offers a current NOI of $104,455 and a pro-forma NOI of $117,266, translating to a current cap rate of 5.40% and a pro-forma cap rate of 6.00%. The asking price is $1,950,000. This well-positioned retail center presents a compelling investment opportunity with significant growth potential in a thriving Bakersfield market. The property features a total of two units.