2503 Niles St - Churches FOR SALE


Bakersfield, CA 93306
$1,950,000 USD
661-889-3201
2503 Niles St, Bakersfield, CA for Sale
$1,950,000 USD
Churches - FOR SALE
1/6
null | Request Cap Rate

2503 Niles St
Bakersfield, CA 93306


HIGHLIGHTS

  • 378 Ft of Niles Frontage
  • Development Opportunity
  • Irreplaceable Site Location
  • Corner Location
  • Jr Anchor + Retail/QSR Pad or Gas Station
  • Priced Below Replacement Cost

OVERVIEW

2503 Niles St. Bakersfield, CA 93306 (SEC) Prime Retail Group is proud to have been exclusively chosen to present the opportunity to Purchase or Lease an irreplaceable location at the South East Corner of Niles & Webster st in Bakersfield, CA (Kern County). The buildings have a combined rentable square footage of +/- 8,617 SF which include a two-story building, sanctuary, and a separate office building– all on +/- 1.76 acres of land with strong demographics, multiple ingress/egress points, and fantastic visibility from all directions. The property features mixed zoning (C-1 & R-2) which could create an adaptive reuse opportunity with the existing structures or a development opportunity with a Junior Anchor + Retail/QSR or a Gas Station. Niles Street is one of the busiest and most dense retail corridors in East Bakersfield, and with the right vision, this site holds tremendous upside post-acquisition * Tenant occupied, do not disturb tenants. Contact Broker to tour.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$226 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Infill Retail Dev. Opportunity +/- 1.76 AC

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Churches

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.77 AC

LAND SF

77,101 SF

ZONING

R-2/C-1

APN/PARCEL ID

137-390-08-00-5,137-390-09-00-8,137-390-18-00-4,137-390-19-00-7,137-390-21-00-2,137-390-26-00-7

ASK ABOUT THIS PROPERTY

Felix DiazPrime Retail GroupMore Info
661-889-3201

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Felix DiazPrime Retail GroupMore Info
661-889-3201

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.