16
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$999,000
Est. payment /mo
3,930 SqFt
Active
530 Union Avenue Bakersfield, CA 93307
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Key Details
Property Type Commercial
Sub Type 5 - 10 Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,930 sqft
Price per Sqft $254
MLS Listing ID 202603648
Year Built 1946
Property Sub-Type 5 - 10 Units
Property Description
Seize a unique value-add opportunity at 530 Union Avenue, a mixed-use complex positioned for revitalization in a high-traffic area of Bakersfield. APX 31,000 average daily traffic count! With 7 residential units (6 occupied) and 6,842 SF of commercial space currently vacant, this multi-use property allows investors to immediately capitalize on Bakersfield's strong rental demand. With a projected $13,596/month and actual 2024 expenses, the property earns an 9.8% Cap Rate! Located within an ECONOMIC OPPORTUNITY ZONE. 510 Union Ave a vacant C-2 zoned 6,000 SF lot next door is INCLUDED in the sale (50' x 120'). Seller will finance the entire property with 50% down.
Location
State CA
County Kern
Area 41
Exterior
Parking Features Uncovered
Building
Story 2
Schools
Elementary Schools Fremont_Bak
Middle Schools Washington
High Schools Bakersfield
Listed by Phil M Jordan • Keller Williams Realty
Nearby Locations
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