3012 Un Ave Bakersfield, CA 93305
- Retail space
- 1,776 SF
- 0.08 lot acres
Jun 02, 2023
Current Use by Public Records
- Retail space
Property Details for 3012 Un Ave
- Year built
- 1948
- Construction
- WOOD
- Lot size
- 0.08 lot acres
- Property size
- 1,776 SF
- Property type
- Retail space
- APN
- 012-061-05-00-7
- APU
- 1206105007
Description
This exceptional 3,552 square foot warehouse, located at 3012 Union Ave in Bakersfield, California, presents a unique investment opportunity. Built in 1948, the property sits on a 0.08-acre lot and is zoned C-2, offering considerable flexibility for various commercial uses. The asking price is $899,900, translating to $253.35 per square foot. The property features two distinct addresses and separate APNs (01206105 and 01206106), presenting the potential for division into two separate storefronts. This prime location in the desirable lower Alta Vista area of Bakersfield, CA 93305, ensures high visibility and accessibility. The property's versatility, combined with its strategic location and attractive price point, makes it an ideal acquisition for both investors seeking strong returns and owner-users looking for a well-situated commercial space. This is a rare opportunity to acquire a substantial property in a thriving Bakersfield commercial district. The property's potential for subdivision adds significant value, making it a compelling investment prospect. Serious inquiries are encouraged.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $435,000
- ML approach
- $465,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $285,000
- 6.5%
- $260,000
- 7%
- $245,000
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Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -119.002
- Latitude
- 35.3869
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
