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Commercial > Mixed Use
Active
3 weeks ago
List Price
$1,150,000$225/ft²

520 Union Ave
Bakersfield, CA 93307

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  • Malobo BannerMalobo Banner Square
    520 Union Ave, Bakersfield, CA 93307 is a 5,114 ft² commercial mixed use property property built in 1946 on a 0.488 acre lot with 1 construction permit. This commercial mixed use property is currently for sale for $1,150,000, and it was last sold in 2016 for $650,000.

    MLS Description

    The listing agent's description. Original Listing

    Seize a unique value-add opportunity at 520-530 Union Avenue, a mixed-use complex positioned for revitalization in a high-traffic area of Bakersfield. APX 31,000 average daily traffic count! With 7 residential (6 OCCUPIED) units (5723 SF) AND 6,842 SF of commercial space that is currently vacant, this multi-use property allows investors to immediately capitalize on Bakersfield's strong rental demand and expanding economy. Recent local government initiatives, include the Complete Streets Ordinance. With a projected $13,596/month, and actual 2024 expenses, the property earns a 8.6% Cap Rate! Located within an ECONOMIC OPPORTUNITY ZONE. Can be purchased with 510 Union Ave (separately listed $125,000) VACANT C-2 zoned 6000 SF lot next door as a package deal. SELLER will FINANCE with 50% down.

    Listing Agents

    The listing agent for 520 Union Ave is Philip Jordan.

    Permits

    520 Union Ave has 1 permit records.

    Permit History
    1
    Permits

    Current Ownership

    Information about the current owner(s).

    Property History

    520 Union Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 520 Union Ave

    School Information

    Public/private schools serving 520 Union Ave

    Neighborhood

    This property is located in Lakeview, Bakersfield, CA 93307.

    Market Trends

    Historical market data near 520 Union Ave over selected time period.

    Copyright © 2025 Bakersfield Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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