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29833727
29774755

401 2nd St, Taft, CA 93268

FD
01981655
Prime Retail Group
Listed by Prime Retail Group
$650,000
107 days on market
Updated 93 days ago
Opportunity zone

2ND GEN. RESTAURANT | $142/PSF | OWNER USER / INV.

Details
APN 031-130-14-00-5, 031-130-15-00-8, 031-130-16-00-1, 031-130-13-00-2
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug (+1)
Square Footage 4,568
Net Rentable (SqFt) 4,568
Units 1
Cap Rate 9.23%
NOI $60,000
Occupancy 100%
Tenancy Single
Price per SqFt $142
Broker Co-Op Yes
Class C
Year Built 1993
Buildings 1
Stories 1
Lot Size (SqFt) 18,000 - 19,000
Zoning DC
Investment Type Owner/User
Ownership FEE
Sale Condition Bank owned foreclosure

4,568 SF | ATTRACTIVE 9.23% CAP! | CORNER | FREESTANDING BUILDING

Marketing description

Prime Retail Group is pleased to exclusively offer For Sale a 2nd Gen. Restaurant located at 401 2nd Street in Taft, California 92368. This freestanding, ± 4,568 SF building, sits on the Northwest corner of Kern Street and 2nd Street, providing exceptional visibility along the high traffic corridor of Kern St (CA State Route 33). The property features excellent access, strong exposure, private parking, and convenient ingress and egress for customers. This offering presents a versatile opportunity for a range of buyers– whether for redevelopment, owner occupancy, or as a long-term investment.

Located just outside Bakersfield, Taft is a small city of about 7,000 residents in Kern County, known as one of California’s main energy hubs. Existing operators like AERA Energy and ExxonMobil are active in the nearby Midway-Sunset Field, one of the largest oil fields in the United States. Taft also offers affordable housing and a quiet, rural setting that appeals to families and investors.

**PLEASE DO NOT DISTURB TENANT! Contact broker with any questions**

Investment highlights

  • Building Square Footage: 4,568

  • Year Built: 1993

  • Downtown Commercial (DC) - City of Taft, CA:

    https://taftca.municipalone.com/files/documents/ZoningMap1742064523040720PM.pdf

  • Great Visibility & Corner Location

  • Access: Kern St & 2nd St

  • Investment or Owner-User

  • Monument Sign Available

  • Legal Addresses: 401 2nd St & 206, 208 & 210 Kern St. Taft, CA

  • APN’s: 031-130-14-00-5 | 031-130-15-00-8 | 031-130-16-00-1 | 031-130-13-00-2

Listing Contacts

FD
01981655
Prime Retail Group
Listed by Prime Retail Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$60,000.00
$5,000.00/mo

Valuation Metrics

0
DSCR
9.23%
Cap Rate
9.23%
ROI

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