130 Kern St - Hospitality FOR SALE


Taft, CA 93268
$400,000 USD
310-775-7529
130 Kern St, Taft, CA for Sale
$400,000 USD
Hospitality - FOR SALE
1/25
null | Request Cap Rate

130 Kern St
Taft, CA 93268


HIGHLIGHTS

  • Rehab, Repositioning or Redevelopment Potential
  • Value-Add with Upside Potential
  • C-2 Commercial Zoning
  • Fully Vacant and Secured
  • ±16 Existing Motel Rooms
  • High Visibility Along the Highway 119/33 Corridor Connecting Bakersfield, Taft, & Coastal Routes

OVERVIEW

Major Fixer / Development Opportunity! Acquire a fully vacant former ±16-room motel, providing investors and developers a low-cost basis to renovate, reposition or evaluate redevelopment of the C-2 zoned site. Formerly known as “The Welcome Inn,” 130 Kern Street presents an opportunity to acquire a fully vacant former ±16-room motel at a low entry basis in Taft, California. The two-story property contains approximately 4,181 square feet of improvements on a 9,583-square-foot C-2 zoned parcel. Offered at $400,000, the property equates to approximately $25,000 per existing room and provides investors with multiple potential strategies. A buyer may evaluate rehabilitation and reopening of the existing motel, repositioning toward an extended-stay or workforce-oriented lodging concept, or redevelopment of the site for an alternative commercial use permitted by applicable zoning. The property is being sold vacant and provides a buyer the ability to undertake improvements or redevelopment without an existing operating business or tenant occupancy. Located within Taft's commercial corridor with access to regional highways, the site offers visibility and connectivity to the surrounding western Kern County market.

FOR SALE DETAILS

PRICE

$400,000 USD

PRICE/SF

$96 USD /SF

# OF ROOMS

16

PRICE/ROOM

$25,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vacant | Value Add / Development Opportunity

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

undefined, undefined

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1948

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,374 SF

ZONING

C-2

APN/PARCEL ID

031-460-21-00-1

ASK ABOUT THIS PROPERTY

Megan HusriKW CommercialMore Info
310-775-7529

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Megan HusriKW CommercialMore Info
310-775-7529

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