1708 Hendricks ln - MUTLI FAMILY DEVELOPMENT LAND 1.1 Acres of Commercial Land Offered at $395,000 in Bakersfield, CA 93304

Marcus & Millichap is pleased to present the exclusive opportunity to acquire approximately 1.10 acres of multifamily development land located at 1708 Hendricks Lane
in Bakersfield, California. The property has been strategically up-zoned from R-1 to R-4, significantly enhancing its development potential and positioning the site for a
higher-density residential project. The zoning provides prospective developers with the flexibility to pursue a variety of residential concepts while taking advantage of
the continued demand for housing throughout the Bakersfield market.
A key advantage of the offering is its location within an established area where critical infrastructure is already present nearby. The property benefits from proximity to
electrical transformers, City sewer, storm drainage, and City water infrastructure, potentially providing a developer with a more direct path toward planning and
development compared with land in less established growth areas. Buyers should independently verify utility locations, capacities, connection requirements,
development fees, and all other infrastructure requirements with the appropriate agencies.
The property's R-4 zoning is intended to accommodate higher-density residential development, including attached dwellings, multifamily housing, and various forms of
group housing, subject to applicable City of Bakersfield development standards and approvals. R-4 zoning is designed to encourage more compact residential
development in areas supported by employment, commercial services, transportation corridors, and other urban amenities. Uses permitted within the City's lower density
R-1, R-2, and R-3 residential zones may also provide additional development flexibility, subject to applicable requirements and verification with the City.
The site is surrounded by a complementary mixture of existing multifamily communities, single-family residential neighborhoods, schools, commercial uses, and major
retail destinations. Its location provides future residents with convenient access to everyday shopping, dining, employment, education, and transportation. Valley Plaza
Mall and the surrounding retail corridor are located approximately one mile from the property, placing a substantial concentration of retailers, restaurants, services, and
employment opportunities within close proximity to the site.
With approximately 1.10 acres of land, high-density residential zoning, nearby municipal infrastructure, and an infill location surrounded by established development,
1708 Hendricks Lane represents a compelling opportunity for multifamily builders and investors seeking development land within Bakersfield. The combination of
zoning, infrastructure access, surrounding residential density, and proximity to major commercial amenities creates an attractive foundation for a thoughtfully designed
multifamily project and offers a developer the opportunity to capitalize on the site's long-term residential development potential.