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2nd Gen Restaurant | Owner User/Investment 200 Kern St 4,568 SF Retail Building Taft, CA 93268 $650,000 ($142.29/SF) 9.23% Cap Rate

Investment Highlights
- Building Square Footage:+/- 4,568
- Year Built- 1993
- Monument Sign Available
- Lot Size +/- 18,900
- Downtown Commercial (DC) - City of Taft, CA: https://taftca.municipalone.com/files/documents/ZoningMap1742064523040720PM.pdf
- Owner User or Investment Opportunity
Executive Summary
Prime Retail Group is pleased to exclusively offer For Sale a 2nd Gen. Restaurant located at 401 2nd Street & 206, 208 & 210 Kern St. Taft, CA 93238. This freestanding, ± 4,568 SF building, sits on the Northwest corner of Kern Street and 2nd Street, providing exceptional visibility along the high traffic corridor of Kern St (CA State Route 33). The property features excellent access, strong exposure, private parking, and convenient ingress and egress for customers. This offering presents a versatile opportunity for a range of buyers– whether for redevelopment, owner-user, or as a long-term investment.
Located just outside Bakersfield, Taft is a small city of about 7,000 residents in Kern County, known as one of California’s main energy hubs. Existing operators like AERA Energy and ExxonMobil are active in the nearby Midway-Sunset Field, one of the largest oil fields in the United States. Taft also offers affordable housing and a quiet, rural and historical setting that appeals to many families and investors.
Located just outside Bakersfield, Taft is a small city of about 7,000 residents in Kern County, known as one of California’s main energy hubs. Existing operators like AERA Energy and ExxonMobil are active in the nearby Midway-Sunset Field, one of the largest oil fields in the United States. Taft also offers affordable housing and a quiet, rural and historical setting that appeals to many families and investors.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
REO Sale
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,568 SF
Building Class
C
Year Built
1993
Price
$650,000
Price Per SF
$142.29
Cap Rate
9.23%
NOI
$60,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.42 AC
Opportunity Zone
Yes
Zoning
DC - Downtown Commercial
Frontage
152’ on Kern St
Amenities
- Corner Lot
- Restaurant
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
Walk Score®
Very Walkable (72)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $22,909 | |
| Land Assessment | $81,127 | Total Assessment | $104,036 |
Property Taxes
Parcel Numbers
Land Assessment
$81,127
Improvements Assessment
$22,909
Total Assessment
$104,036
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2nd Gen Restaurant | Owner User/Investment | 200 Kern St
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