2503 Niles St - Churches FOR SALE


Bakersfield, CA 93306- Outer East Bakersfield
$1,500,000 USD
661-889-3201
2503 Niles St, Bakersfield, CA for Sale
$1,500,000 USD
Churches - FOR SALE
1/6
null | Request Cap Rate

2503 Niles St
Bakersfield, CA 93306
Outer East Bakersfield


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

Prime Retail Group is pleased to exclusively present a rare opportunity to purchase or lease a highly visible commercial property located at the SEC of Niles Street and Webster Street in Bakersfield, California, County of Kern. The property consists of approximately ±8,617 square feet of rentable improvements, including a two-story building, a sanctuary, and a separate office building, all situated on approximately ±1.76 acres. Benefiting from excellent demographics, multiple points of ingress and egress, and outstanding visibility from every direction, the site offers exceptional exposure and accessibility.With a combination of C-1 (Neighborhood Commercial) and R-2 (Medium Density Residential) zoning, the property presents a compelling opportunity for adaptive reuse of the existing improvements or a future redevelopment. Potential uses may include a junior-anchor retail center with complementary retail and QSR pads, a fuel station with convenience store, Car Wash, or other commercial and mixed-use concepts, subject to municipal approvals. Positioned along one of East Bakersfield's busiest and most established retail corridors, Niles Street experiences strong traffic volumes and serves a dense surrounding population. The subject site offers significant long-term upside and value add potential.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$174 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

C-1 & R-2

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 Notice.