Technical
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Property profile

3000 Fairfax Rd Bakersfield, CA 93306

FOR SALE
Land
Property ID
US09-5229638
12.71 ac lot
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Property summary

AI-generated overview

This exceptional 12.71-acre commercial land parcel presents a unique investment opportunity in Bakersfield, California. Located at the northwest corner of Fairfax Road and College Ave, the property boasts unparalleled visibility and accessibility, situated within a densely populated residential area at 3000 Fairfax Rd, Bakersfield, CA 93306 (APN 435-010-66). Currently zoned R-1, this site is undergoing a zone change to MX-1, opening doors to a diverse range of mixed-use developments, including multi-family residential and retail spaces. Its strategic location offers convenient access to major transportation arteries, including Highway 178 and Highway 58, ensuring seamless connectivity throughout the region. The substantial lot size, combined with its prime location and the potential for mixed-use development, makes this property ideal for investors seeking high-impact projects. The surrounding residential community provides a readily available customer base for future developments, promising strong potential returns. The asking price for this remarkable opportunity is $1,500,000. Don't miss this chance to acquire a highly desirable piece of Bakersfield real estate poised for significant growth.

Property profile

Verified
Property type Land
Lot 12.71 ac (553,648 SF)
UPID US09-5229638

Cap rate & NOI

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

Location

3000 Fairfax Rd Bakersfield, CA 93306
Bakersfield metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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