Log In/Sign Up
Your email has been sent.
530 Union Ave 12,565 SF 46% Leased Retail Building Bakersfield, CA 93307 $999,000 ($79.51/SF) 9.80% Cap Rate
Investment Highlights
- Located in a high-visibility corridor with approximately 31,000 daily traffic count.
- Positioned within an Economic Opportunity Zone, offering potential tax benefits.
- Seller financing available with 50% down, enhancing acquisition flexibility.
- Includes seven residential units and over 6,800 square feet of commercial space.
- Adjacent 6,000-square-foot C-2 zoned lot included for parking or future development.
- Recent city infrastructure initiatives support long-term area revitalization.
Executive Summary
This mixed-use property at 530 Union Avenue in Bakersfield presents a compelling investment opportunity in a high-traffic corridor with approximately 31,000 vehicles passing daily. The asset includes seven residential units, six of which are occupied, totaling 5,723 square feet, and 6,842 square feet of commercial space currently vacant, offering immediate upside potential. The property sits within an Economic Opportunity Zone, providing potential tax advantages for investors.
The site benefits from C-2 zoning and includes an adjacent 6,000-square-foot vacant lot at 510 Union Avenue, which can serve as additional parking or future development. Recent local initiatives, such as the Complete Streets Ordinance, underscore the city’s commitment to infrastructure improvements, enhancing long-term value. With a projected monthly income of $13,596 and a pro forma cap rate of approximately 7.8%, this property offers both stability and growth potential. Seller financing is available with 50% down, making this an accessible option for investors seeking a value-add opportunity in a growing market.
The site benefits from C-2 zoning and includes an adjacent 6,000-square-foot vacant lot at 510 Union Avenue, which can serve as additional parking or future development. Recent local initiatives, such as the Complete Streets Ordinance, underscore the city’s commitment to infrastructure improvements, enhancing long-term value. With a projected monthly income of $13,596 and a pro forma cap rate of approximately 7.8%, this property offers both stability and growth potential. Seller financing is available with 50% down, making this an accessible option for investors seeking a value-add opportunity in a growing market.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$163,152
|
$12.98
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$8,157
|
$0.65
|
| Effective Gross Income |
$154,995
|
$12.34
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$56,825
|
$4.52
|
| Net Operating Income |
$98,170
|
$7.81
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $163,152 |
| Annual Per SF | $12.98 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $8,157 |
| Annual Per SF | $0.65 |
| Effective Gross Income | |
|---|---|
| Annual | $154,995 |
| Annual Per SF | $12.34 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $56,825 |
| Annual Per SF | $4.52 |
| Net Operating Income | |
|---|---|
| Annual | $98,170 |
| Annual Per SF | $7.81 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
12,565 SF
Building Class
C
Year Built/Renovated
1946/2018
Price
$999,000
Price Per SF
$79.51
Cap Rate
9.80%
NOI
$97,902
Percent Leased
46%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.37
Lot Size
0.21 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial
Parking
20 Spaces (1.59 Spaces per 1,000 SF Leased)
Frontage
127’ on Union Ave
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 139-251-03-00-0 | Improvements Assessment | $377,627 |
| Land Assessment | $40,245 | Total Assessment | $417,872 |
Property Taxes
Parcel Number
139-251-03-00-0
Land Assessment
$40,245
Improvements Assessment
$377,627
Total Assessment
$417,872
1 of 30
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
530 Union Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.