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Investment Highlights

  • Prime Downtown Bakersfield Corner Location
  • Ideal for Retail, Restaurant, or Car Wash Development
  • Redevelopment Opportunity with Ample Parking

Executive Summary

A rare opportunity to acquire a highly visible free standing retail building at the signalized southeast corner of 23rd Street / SR-178 and H Street — one of Bakersfield's most prominent hard-corner positions.
State Highway 178, the region's primary east-west corridor connecting Highway 99 directly to Northeast Bakersfield, runs in front of the site — delivering sustained exposure to approximately 35,308 vehicles per day. Four convenient points of ingress and egress along 23rd Street, H Street, and Eye Street ensure effortless access from every direction.
Zoned C-C Commercial Center and positioned near Bakersfield's major hospitals and medical offices, the location is surrounded by a robust daytime population exceeding 19,000 employees within one mile. Dual pylon signage on both SR-178 and H Street delivers unmatched branding visibility day and night.
With its scale, access, and established corridor presence, this former Rite Aid offers an exceptional canvas for retail, medical, pharmacy, discount, specialty, or service-oriented users.

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Drug Store
Building Size
16,320 SF
Building Class
C
Year Built
1999
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.60 AC
Opportunity Zone
Yes
Zoning
C-C - Commercial mixed use
Parking
83 Spaces (5.69 Spaces per 1,000 SF Leased)
Frontage
274’ on 23rd

Amenities

  • Corner Lot
  • Pylon Sign
  • Signalized Intersection

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 16,320 SF
  • Retail
  • -
  • Now

Freestanding single tenant building on hard corner of signalized intersection. High traffic volume, superior street visibility, and convenient ingress/egress points along 23rd Street, H Street and Eye Street 23rd Street is State Highway 178, which is the primary east/west route connecting traffic from Highway 99 to Northeast Bakersfield Strong daytime population with over 23,000 employees within 1 mile of the site Close proximity to the city’s hospitals and other medical offices Pylon signs on both 23rd Street and H Street.

Space Size Space Use Position Available
1st Floor 16,320 SF Retail - Now

1st Floor

Size
16,320 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 16,320 SF
Space Use Retail
Position -
Available Now

Freestanding single tenant building on hard corner of signalized intersection. High traffic volume, superior street visibility, and convenient ingress/egress points along 23rd Street, H Street and Eye Street 23rd Street is State Highway 178, which is the primary east/west route connecting traffic from Highway 99 to Northeast Bakersfield Strong daytime population with over 23,000 employees within 1 mile of the site Close proximity to the city’s hospitals and other medical offices Pylon signs on both 23rd Street and H Street.

Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100

Nearby Major Retailers

Life Time
Westamerica Bank
Wells Fargo Bank
Starbucks
Bank of America
Chase Bank
Citizens Business Bank
Mechanics Bank
ColorTyme
Smart & Final

Property Taxes

Property Taxes

Parcel Number
005-401-07-00-9
Land Assessment
$1,724,491
Improvements Assessment
$2,586,747
Total Assessment
$4,311,238
  • Listing ID: 41321492

  • Date on Market: 7/16/2026

  • Last Updated:

  • Address: 1701 23rd St, Bakersfield, CA 93301

Contact the Sale Advisor

Former Rite Aid | 1701 23rd St

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