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123 E 18th Street

Bakersfield, CA 93305
  • $2,400,000
  • STATUS: Active
  • ON SITE: 87 Days
  • ID#: 202400810
$2,400,000
  • 0
    BEDS
  • 0.54
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,911
    SQFT
  • $1,256
    $/SQFT
Neighborhood:
41
Type:
Commercial
Built:
1935
County:
Area:
41

School Ratings & Info

Description

Introducing a One-of-a-kind Commercial Investment Opportunity That's Sure to Impress! This is a mixed-use investment featuring several buildings, a successful business, Los Tacos De Huicho. This Well-established Restaurant Has Earned Its Reputation as a Go-to Destination for Locals and Visitors Alike, Offering a Delightful Array of Authentic Mexican Flavors. The gross income is well over $900K p/y. Also Featured on the Property is a Large 2 Story Building with store frontage, office space and an Attached Steel Arch Quonset Hut With a Power Rolling Steel Door, Making It Perfect for Manufacturing, storage Space and a Banquet Hall, all situated on a large lot. 1st floor rents for $1,875 p/m, 2nd floor $1500 p/m, Q-hut $2100 p/m, house rents $650 p/m And That's Not All - This Property Also Includes 3 Additional Parcels zoned M-1 industrial, Two Vacant Lots, and a 2 Bed/1 Bath House with a long term tenant. Annual gross income includes the Business op income.

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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: 2024-04-03T23:31:38.88.
www.kerncountyhouse.com/homes/146859644
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123 E 18th Street Bakersfield, CA 93305

  • Price: $2,400,000
  • Status: Active
  • On Site: 87 Days
  • ID#: 202400810
0
Beds
0
Baths
0
½ Baths
0.54
Acres
1,911
SQFT
$1,256
$/SQFT
1935
Built
Neighborhood:
41
County:
Kern
Area:
41
Property Description
Introducing a One-of-a-kind Commercial Investment Opportunity That's Sure to Impress! This is a mixed-use investment featuring several buildings, a successful business, Los Tacos De Huicho. This Well-established Restaurant Has Earned Its Reputation as a Go-to Destination for Locals and Visitors Alike, Offering a Delightful Array of Authentic Mexican Flavors. The gross income is well over $900K p/y. Also Featured on the Property is a Large 2 Story Building with store frontage, office space and an Attached Steel Arch Quonset Hut With a Power Rolling Steel Door, Making It Perfect for Manufacturing, storage Space and a Banquet Hall, all situated on a large lot. 1st floor rents for $1,875 p/m, 2nd floor $1500 p/m, Q-hut $2100 p/m, house rents $650 p/m And That's Not All - This Property Also Includes 3 Additional Parcels zoned M-1 industrial, Two Vacant Lots, and a 2 Bed/1 Bath House with a long term tenant. Annual gross income includes the Business op income.
Property Features

Annual Gross Income 1051500.00 Annual Net Income 241845.00 Cap Rate 10.08 Commercial Type Commercial Current Use Restaurant/Retail/Industrial Total Annual Expense 788625.00 Zone M-1

Listing courtesy of Peter Peralta of Miramar International-Riverwalk: .


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: 2024-04-03T23:31:38.88.
 
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Infinity Real Estate Services
900 Truxtun Avenue Suite #230
Bakersfield CA, 93301