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1010 S Union Avenue

Bakersfield, CA 93307
  • $3,499,999
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: 202405558
UPDATED: 62 min ago
$3,499,999
  • 0
    BEDS
  • 1.64
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 20,425
    SQFT
  • $171
    $/SQFT
Neighborhood:
41
Type:
Commercial
Built:
1960
County:
Area:
41

School Ratings & Info

Description

Incredible opportunity to own 62 room motel on a 1.64 acre lot, conveniently located near the Golden West Casino, outdoor swap meet and public transportation ensuring steady stream of guests year round. Motel is a 1 story, with mix of double bed, single bed, and suites. Property also consists of a separate welcoming reception area /reservation desk, 2 bedroom apartment for on site manager/owner to comfortable live in and laundry facilities. Also included in the sale next door is another building, which is currently being operated and leased as a Medical Office generating $6,000 a month in rental income. Sale also includes paid off solar panels that power the on site electric water heater system, that provides hot water to the entire property. With a little capital and vision, this project can generate promising returns and a business deemed for success.

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Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2024. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Infinity Real Estate Services or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2024-07-17T07:31:30.703.
www.kerncountyhouse.com/homes/152001077
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1010 S Union Avenue Bakersfield, CA 93307

  • Price: $3,499,999
  • Status: Active
  • On Site: 21 Days
  • Updated: 62 min ago
  • ID#: 202405558
0
Beds
0
Baths
0
½ Baths
1.64
Acres
20,425
SQFT
$171
$/SQFT
1960
Built
Neighborhood:
41
County:
Kern
Area:
41
Property Description
Incredible opportunity to own 62 room motel on a 1.64 acre lot, conveniently located near the Golden West Casino, outdoor swap meet and public transportation ensuring steady stream of guests year round. Motel is a 1 story, with mix of double bed, single bed, and suites. Property also consists of a separate welcoming reception area /reservation desk, 2 bedroom apartment for on site manager/owner to comfortable live in and laundry facilities. Also included in the sale next door is another building, which is currently being operated and leased as a Medical Office generating $6,000 a month in rental income. Sale also includes paid off solar panels that power the on site electric water heater system, that provides hot water to the entire property. With a little capital and vision, this project can generate promising returns and a business deemed for success.
Property Features

Annual Gross Income 550000.00 Annual Net Income 250000.00 Cap Rate 7.2 Commercial Type Commercial Current Use Motel/Hospitality and Medical Office Total Annual Expense 300000.00 Zone C-2

Listing courtesy of Moiz Lakdawala of Keller Williams Realty: .


Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2024. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Infinity Real Estate Services or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2024-07-17T07:31:30.703.
 
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Infinity Real Estate Services
900 Truxtun Avenue Suite #230
Bakersfield CA, 93301