530 Union Ave Local commercial 1 167 m² 46 % Loué À vendre Bakersfield, CA 93307 860 519 € (737,17 €/m²) Taux de capitalisation 9,80 %

This mixed-use property at 530 Union Avenue in Bakersfield presents a compelling investment opportunity in a high-traffic corridor with approximately 31,000 vehicles passing daily. The asset includes seven residential units, six of which are occupied, totaling 5,723 square feet, and 6,842 square feet of commercial space currently vacant, offering immediate upside potential. The property sits within an Economic Opportunity Zone, providing potential tax advantages for investors.
The site benefits from C-2 zoning and includes an adjacent 6,000-square-foot vacant lot at 510 Union Avenue, which can serve as additional parking or future development. Recent local initiatives, such as the Complete Streets Ordinance, underscore the city’s commitment to infrastructure improvements, enhancing long-term value. With a projected monthly income of $13,596 and a pro forma cap rate of approximately 7.8%, this property offers both stability and growth potential. Seller financing is available with 50% down, making this an accessible option for investors seeking a value-add opportunity in a growing market.