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530 Union Ave
Bakersfield, CA 93307 Lakeview

$999,000 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 9.80 %
Tenancy Multiple
Zoning C-2

30 Transit Score

50 Walk Score

                
                    Highlights
                
                                Located in a high-visibility corridor with approximately 31,000 daily traffic count.
                            
                                Includes seven residential units and over 6,800 square feet of commercial space.
                            
                                Positioned within an Economic Opportunity Zone, offering potential tax benefits.
                            
                                Adjacent 6,000-square-foot C-2 zoned lot included for parking or future development.
                            
                                Seller financing available with 50% down, enhancing acquisition flexibility.
                            
                                Recent city infrastructure initiatives support long-term area revitalization.

Financial Summary (Proforma)

Net Operating Income: $98,170 USD (2025)

Cap Rate:	9.80 %
Total Expenses:	$56,825 USD

Public Transportation

Airport	Drive	Walk	Distance
Meadows Field	13 min	-	6.8 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

530 Union Ave Bakersfield, CA 93307 Lakeview