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8696 Kern Canyon Road Hwy - R-2 Development Land 15.79 Acers 15.79 Acres of Commercial Land Offered at $1,675,000 in Bakersfield, CA 93306

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INVESTMENT HIGHLIGHTS

  • Popular Northeast Location, Utilities near the property and it should be easy to get will serve letters from all of them,

EXECUTIVE SUMMARY

This is a prime investment opportunity to develop in the popular Northeast area of Bakersfield. The owner has a engineer's concept of either 102 single family lots = $16,421 per lot or 212 Apartments = $7,901 per unit. This is your opportunity to buy this parcel at a bargain price. Submit all offers.The address is incorrect use the APN. The median SFR selling price in the area is $498,900. Review the attachments for more information.

PROPERTY FACTS

Price $1,675,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
  • Planned Unit Development
Total Lot Size 15.79 AC
Cross Streets Morning Drive
Zoning R-2 - Medium Density Residential

1 LOT AVAILABLE

Lot

Price $1,675,000
Price Per AC $106,079.80
Lot Size 15.79 AC

15.79 Acres zoned for residential development. You may be able to develop 102 SFR Lots or 212 Apartments on this parcel located in the rolling hills of NE Bakersfield. This parcel is located in the development path.

DESCRIPTION

Located in the rolling hills of Northeast Bakersfield this parcel is perfectly positioned for development. At only $106,000 per acre or $2.44 per sq. ft. this parcel is a very good value. See the attachments and the video and photos for more information. The owners bought the property in 2006 and were going to develop it but then shortly after that the country went into the Great Recession and now they just want to sell it and move on.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
388-072-02-00-8
Land Assessment
$700,000
Improvements Assessment
$0
Total Assessment
$700,000
  • Listing ID: 35207375

  • Date on Market: 3/20/2025

  • Last Updated:

  • Address: 8696 Kern Canyon Road Hwy, Bakersfield, CA 93306

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