520 Union Avenue Bakersfield, CA 93307
Other
MLS #: 202511816
Courtesy Of Keller Williams Realty Bakersfield
Property InformationDescription
Seize a unique value-add opportunity at 520-530 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 (6 OCCUPIED) units (5723 SF) AND 6,842 SF of commercial space that is currently vacant, this multi-use property allows investors to immediately capitalize on Bakersfield's strong rental demand and expanding economy. Recent local government initiatives, include the Complete Streets Ordinance. With a projected $13,596/month, and actual 2024 expenses, the property earns a 8.6% Cap Rate! Located within an ECONOMIC OPPORTUNITY ZONE. 510 Union Ave VACANT C-2 zoned 6000 SF lot next door INCLUDED in the sale: it is 50' X 120'.SELLER will FINANCE entire property with 50% down.
Features
- Age: Over 50 Years Old
- MLSID: 202511816
MAP & DIRECTIONS
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