2nd Gen Church / Mixed Use Dev. Opportunity on 1.76 AC
Supermarket/QSR/Gas (Tenants on short term leases) Infill Location w/ Development Opportunity
Marketing description
**SHORT TERM LEASE W/ EXISTING TENANTS
2503 Niles St. Bakersfield, CA 93306 (SEC)
Prime Retail Group is proud to have been exclusively chosen to present the opportunity to Purchase or Lease an irreplaceable location at the South East Corner of Niles & Webster st in Bakersfield, CA (Kern County). The buildings have a combined rentable square footage of +/- 8,617 SF which include a two-story building, sanctuary, and a separate office building– all on +/- 1.76 acres of land with strong demographics, multiple ingress/egress points, and fantastic visibility from all directions. The property features mixed zoning (C-1 & R-2) which could create an adaptive reuse opportunity with the existing structures or a development opportunity with a Junior Anchor + Retail/QSR or a Gas Station. Niles Street is one of the busiest and most dense retail corridors in East Bakersfield, and with the right vision, this site holds tremendous upside post-acquisition
Investment highlights
+/- 1.76 Acres - SIX (6) PARCELS
+/- 378 FT OF NILES FRONTAGE
MULTIPLE ACCESS POINTS (6)
CORNER LOCATION/HIGH VISIBILITY
DEV. OPPORTUNITY: JR ANCHOR + QSR/RETAIL/GAS STATION
IRREPLACEABLE INFILL REAL ESTATE
ADAPTIVE REUSE OR REDEVELOPMENT
COUNTY OF KERN
PRICED BELOW REPLACEMENT COST ($1.95M / $226PSF)
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