523 Center St Taft, CA 93268
Property profile & analytics
523 Center St, Taft, CA 93268
- Bars & Pubs
- 1,500 SF
- 0.07 lot acres
Property ID
US09-3296550
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Iglesia de Dios Pentecostal M.I. Taft / Church
Property Details for 523 Center St
- Year built
- 1912
- Construction
- WOOD
- Lot size
- 0.07 lot acres
- Property type
- Bars & Pubs
- Property subtype
- Pubs
- APN
- 031-060-02-00-0
- APU
- 3106002000
Description
This ±13,500 square foot commercial building in Taft, CA, presents a compelling value-add investment opportunity. Currently vacant, the property boasts a strong history as a former Chrysler dealership and includes ±12,000 square feet of automotive space and ±1,500 square feet of retail space. The automotive area, previously occupied for over a decade by a business generating over $1 million in annual sales, is in turnkey condition. The existing retail space is separately leased for $1,600 per month. The building features a newly installed roof and coolers (January 2024) and sits on a ±0.99-acre lot at a high-visibility corner location on Center Street and 6th Street, offering ample street parking and on-site stalls. The property is zoned DC - Downtown Commercial and offers significant potential for various uses. The asking price is $725,000, representing a price per square foot of $53.70 and a 13.07% cap rate, with a net operating income (NOI) of $94,748. The property's location is convenient, situated between CA-33 and CA-119, serving a population of approximately 20,480 residents within a 10-mile radius. Adjacent properties are also available for potential acquisition. This is a rare chance to acquire a well-maintained, high-profile commercial building with a proven track record in a desirable location. The property's size, location, and recent improvements make it an attractive investment for a variety of buyers.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Taft
- County
- Kern
- State
- California
- Longitude
- -119.46
- Latitude
- 35.1411
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$637
$11,153
$44,618
$55,771
-
$0.00
$0.00
$0.00
