715 Airport Dr, Bakersfield, CA 93308
- Retail space
- 16,724 SF
- 0.48 lot acres
Current Use by Public Records
- CDReload - Online Bitcoin ATM / Crypto Atm / Atm
- Rite Aid Pharmacy / Pharmacy
- Katie N. Tran, PharmD / Pharmacy
- higi / Physician
- Rite Aid / Pharmacy
Property Details for 715 Airport Dr
- Year built
- 2000
- Construction
- WOOD
- Lot size
- 0.48 lot acres
- Property type
- Retail space
- APN
- 111-240-15-00-3
- APU
- 11124015003
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 9, 2004 | — | Airport Properties LLC | Thrifty Payless INC | Quit Claim Deed · related | — |
| Jun 2, 2004 | — | Olive Properties LLC | — | Deed Of Trust · related | $1.9M · Mers Trustee |
| Jun 16, 1995 | — | Katz Investments | Castle & Cooke Communities | Grant Deed · related | — |
Description
This exceptional retail opportunity presents itself at the Airport & Olive Retail Center, situated at 715 Airport Drive, Bakersfield, CA 93308. This community shopping center boasts a total of 58,140 square feet, offering multiple tenancy options. Currently, there are three spaces available, ranging from a minimum of 900 square feet to a maximum contiguous space of 11,240 square feet. A significant 15,740 square feet is currently vacant, presenting a prime opportunity for expansion or new tenants. The center enjoys a highly visible location at the northwest corner of Airport Drive and Olive Drive, within the thriving North Bakersfield trade area. This strategic location benefits from high traffic volume and is surrounded by a dense residential population, ensuring a strong customer base. Its proximity to Freeway 99 and Meadows Field Airport further enhances its accessibility and appeal. The property's size and flexible space options make it ideal for a variety of retail businesses seeking a prominent location in a busy and convenient area of Bakersfield. This is a rare chance to secure a well-positioned retail space in a high-traffic area with excellent visibility and accessibility. The available space offers significant potential for growth and success.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,670,000
- 6.5%
- $2,465,000
- 7%
- $2,290,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,118,000
- AI Estimate
- $2,295,000
Market price range: $1.03M - $3.12MMarket price range: $649k - $2.30M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,085,000 Current use
- MEDICAL BUILDING
- $3,825,000 Change: +84% Conversion: Difficult
- OFFICE BUILDING
- $3,530,000 Change: +69% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $2,235,000 Change: +7% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $2,170,000 Change: +4% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $2,000,000 Change: -4% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -119.04
- Latitude
- 35.4127
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
