860 Magellan Dr Tehachapi, CA 93561

Property Details for 860 Magellan Dr

Construction

WOOD FRAME

Lot size

0.46 lot acres

Zone code

C-3

Property type

Commercial land

APN

223-570-07-00-2

APU

22357007002

Description

This exceptional investment opportunity presents a fully approved, nearly one-acre site in Tehachapi, CA (93561), at 860 Magellan Dr, featuring a combined gas station, market, and drive-thru restaurant. The 5,130 square foot property boasts a prime location on a limited-access freeway exit connecting Las Vegas and the Central Valley, ensuring high visibility and significant daily traffic exceeding 45,000 vehicles. The site is already approved for construction, with permits paid in full, allowing for immediate commencement. Fuel and branding agreements are secured with Chevron, 76, and Circle K, or the buyer may choose their preferred brands. The restaurant component includes a 2,000 square foot building with a 10-car stacking drive-thru lane and a spacious 1,086 square foot patio. A 3,130 square foot market will offer beer and wine sales. The property benefits from excellent exposure, situated across from two hotels (with a third planned), a Starbucks, and a Denny's. Ten parking spaces are available. The asking price is $2,400,000. This rapidly developing area shows significant growth, with over 9% population and housing growth in the last decade and an average household income exceeding $86,000 within a two-mile radius. This turnkey operation offers immediate returns and significant long-term potential.

Location Insight

City

Tehachapi

County

Kern

State

California

Longitude

-118.449

Latitude

35.1433

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments