8
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$2,600,000
Est. payment /mo
11,880 SqFt
Price Dropped by $85K
3510 Wible Road Bakersfield, CA 93309
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Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 11,880 sqft
Price per Sqft $218
MLS Listing ID 202504841
Year Built 1986
Lot Size 0.900 Acres
Acres 0.9
Property Sub-Type Commercial
Property Description
Boasting an impressive 11,880 sqft space and ample parking, this stunning event venue is a must-have for anyone looking to break into the lucrative event industry. With a prime location and endless possibilities, Moga City Palace is the investment that will take your business to new heights. Additional forms of income include over $7,000 from bingo and zumba classes starting 05/01/2025. Appraised $2,730,000 in 2022 before $200,000+/- worth of improvements. Price reduction of $85k for quick sale to do 1031 Exchange, Priced $200k below market, Priced $135k below the July 2022 Appraisal, and over $200k spent on upgrades since then. The whole roof was redone with resealed with over 4 years of warranty left, mostly new porcelain tiles, all-new exterior siding with high-quality paint, and rot iron fencing. Fully approved restaurant approx. 3000sq ft space ready to open and total capacity over 298 guests. It's a steal and act fast before its gone. Inventory available for purchase
Location
State CA
County Kern
Area 51
Zoning C-2, GC
Exterior
Present Use Party Hall and Restaurant
Listed by Armaan Manik • Keller Williams Realty