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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

Price $1,500,000
Price Per SF $174.07
Sale Type Investment or Owner User
Sale Conditions
Ground Lease (Leased Fee)
  • Redevelopment Project
Property Type Specialty
Property Subtype Religious Facility
Building Class C
Lot Size 1.77 AC
Building Size 8,617 SF
No. Stories 2
Year Built 1972
Parking Ratio 4.64/1,000 SF
Zoning C-1 & R-2
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100

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
$265,299
Improvements Assessment
$514,998
Total Assessment
$780,297
  • Listing ID: 33523375

  • Date on Market: 10/15/2024

  • Last Updated:

  • Address: 2503 Niles St, Bakersfield, CA 93306

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