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Investment Highlights

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

Executive Summary

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.

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
Ground Lease (Leased Fee)
Property Type
Office
Property Subtype
Medical
Building Size
11,668 SF
Building Class
B
Year Built
1986
Price
$1,500,000
Price Per SF
$128.56
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,395 SF
Building FAR
0.14
Lot Size
1.94 AC
Zoning
C-O - Commercial Retail
Parking
20 Spaces (1.25 Spaces per 1,000 SF Leased)
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 137-390-18-00-4
  • 137-390-26-00-7
  • 137-390-21-00-2
  • 137-390-09-00-8
  • 137-390-08-00-5
  • 137-390-19-00-7
Land Assessment
$270,602
Improvements Assessment
$525,297
Total Assessment
$795,899
  • Listing ID: 33523375

  • Date on Market: 10/15/2024

  • Last Updated:

  • Address: 1001-1011 Stine Rd, Bakersfield, CA 93309

Contact the Sale Advisor

Infill Retail Dev. Opportunity +/- 1.76 AC | 1001-1011 Stine Rd

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