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4002 Niles Street

Bakersfield, CA 93306
  • $1,500,000
  • STATUS: Active
  • ON SITE: 35 Days
  • ID#: 202405637
UPDATED: 56 min ago
$1,500,000
  • 0
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 500
    SQFT
  • $3,000
    $/SQFT
Neighborhood:
32
Type:
Commercial
Built:
2022
County:
Area:
32

School Ratings & Info

Description

Completely Turnkey Local Used Car Dealership w/ High Volume of Sales. Independent car lot with capacity of 40 cars on two lots total 233x71 Fantastic high traffic location on Niles St and surrounding shopping, entertainment, and dining amenities. Purchase price includes the building of portable about 550 square feet and two offices and shared restroom, furniture & fixtures. The inventory on the lot is carefully inspected by the in-house mechanic before being offered for sale. The Business is not included in the asking price. The business can be purchased for $1,200,000 The business currently holds and 60 cars and with 2 lifts and accounts receivable of $850,000 in car notes included in the sale of the business. With vehicles being sold daily, that number is sure to increase!

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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: 2024-07-17T09:31:34.987.
www.kerncountyhouse.com/homes/151544397
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4002 Niles Street Bakersfield, CA 93306

  • Price: $1,500,000
  • Status: Active
  • On Site: 35 Days
  • Updated: 56 min ago
  • ID#: 202405637
0
Beds
0
Baths
0
½ Baths
0.26
Acres
500
SQFT
$3,000
$/SQFT
2022
Built
Neighborhood:
32
County:
Kern
Area:
32
Property Description
Completely Turnkey Local Used Car Dealership w/ High Volume of Sales. Independent car lot with capacity of 40 cars on two lots total 233x71 Fantastic high traffic location on Niles St and surrounding shopping, entertainment, and dining amenities. Purchase price includes the building of portable about 550 square feet and two offices and shared restroom, furniture & fixtures. The inventory on the lot is carefully inspected by the in-house mechanic before being offered for sale. The Business is not included in the asking price. The business can be purchased for $1,200,000 The business currently holds and 60 cars and with 2 lifts and accounts receivable of $850,000 in car notes included in the sale of the business. With vehicles being sold daily, that number is sure to increase!
Property Features

Annual Gross Income 13000.00 Annual Net Income 600000.00 Cap Rate 2.76 Commercial Type Commercial Current Use Car Dealer Total Annual Expense 10000.00 Zone C1

Listing courtesy of Maria Flores of My 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: 2024-07-17T09:31:34.987.
 
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Infinity Real Estate Services
900 Truxtun Avenue Suite #230
Bakersfield CA, 93301