Back

1 of 19

2 of 19

3 of 19

4 of 19

5 of 19

6 of 19

7 of 19

8 of 19

9 of 19

10 of 19

11 of 19

12 of 19

13 of 19

14 of 19

15 of 19

16 of 19

17 of 19

18 of 19

19 of 19

518-530 Union Ave
Bakersfield, CA 93307 Lakeview

$900,000 USD

Storefront Retail Office For Sale • 12,565 SF

Property Details

Property Type Storefront Retail Office
Total Building Size 12,565 SF
Lot Size 0.21 AC
Building Class C
Year Built 1946
Cap Rate 10.91 %
Tenancy Multiple
Zoning C-2

30 Transit Score

50 Walk Score

                
                    Highlights
                
                                10.9% pro forma cap rate at the $900,000 asking price
                            
                                Seller financing available — 50% down, seller carries the balance
                            
                                Located in a federally designated Economic Opportunity Zone
                            
                                High-traffic corridor — approximately 31,000 vehicles per day
                            
                                Value-add upside — 3 commercial spaces (6,842 SF) currently vacant and ready to lease
                            
                                Adjacent 6,000 SF C-2 lot available concurrently (510 Union Ave, $99,000) — combined opportunity at $999,000

Financial Summary (Proforma)

Net Operating Income: $98,169 USD (2026)

Cap Rate:	10.91 %
Total Expenses:	$56,825 USD

Public Transportation

Airport	Drive	Walk	Distance
Meadows Field	16 min	-	7.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	20
Type:	Surface
Included in Rent:	Yes

Philip Jordan 805-453-8353 Jordan Apartment Guys

518-530 Union Ave Bakersfield, CA 93307 Lakeview