Technical
Financial
Distress signals
Property profile

3207 Union Ave Bakersfield, CA 93305

FOR SALE
Manufacturing properties
Property ID
US09-0403730
6,378 SF 0.69 ac lot Built 1965
Individually Owned 10-yr Hold ~ Est. High Equity
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3207 Union Ave, Bakersfield, CA 93305 For Sale
$250,000 6,378 SF
3207 Union Ave, Bakersfield, CA 93305
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Property summary

AI-generated overview

This exceptional 0.69-acre commercial lot, located at 3207 Union Ave in Bakersfield, California (zip code 93305), presents a unique investment opportunity. Zoned C-2, this property offers significant potential for development. The lot's size allows for substantial construction, estimated to accommodate approximately 30,000 square feet of building space, catering to a wide range of commercial ventures. Situated on a high-volume street, this location ensures excellent visibility and accessibility for any business. The asking price is $549,000, translating to a price per acre of $795,652.17. The property's APN is 00201104. This is a rare opportunity to acquire a large, commercially zoned lot in a thriving Bakersfield location. The seller may consider financing options, potentially allowing for a down payment of $75,000. This property is in Kern County and offers significant potential for investors seeking a prime commercial location. Don't miss this chance to secure a valuable asset in a high-demand area.

Property profile

Verified
Property type Manufacturing properties
Use group FOOD PROCESSING
Year built 1965
Construction WOOD
Total area 6,378 SF
Lot 0.69 ac (30,056 SF)
Zoning code C-2
APN 002-011-04-00-6
UPID US09-0403730

Cap rate & NOI

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

Location

3207 Union Ave Bakersfield, CA 93305
Bakersfield metro Census 603 BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2016
4 recorded transactions
2016
$99,000
2011
Price N/A
2001
$130,000
2000
$177,054

Zoning & alternative use

C-2 · Bakersfield, CA
Zoning description

The purpose of C-2 zone is to permit development of concentrated large-scale retail operations providing a broad range of goods and services which serve the metropolitan market area

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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