9590 S Union Ave

9590 S Union Ave , Bakersfield, California, 93307 | 9,375 sq.f | $ 3,475,000

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About This Restaurant

Investment Highlights

Executive Summary

Keller Williams Commercial proudly presents a rare and lucrative opportunity to acquire both a thriving business and its substantial real estate in one comprehensive package. Situated on a large, versatile lot, this free-standing grocery and liquor market spans nearly 10,000 square feet, embodying a well-established and community-loved enterprise ready for its next chapter.**Spacious and Fully Equipped:** The market boasts a comprehensive setup including fresh produce areas, grocery aisles, extensive wall beverage/beer walk-in refrigerators, a diverse liquor selection with a full ABC license, and a freezer section dedicated to ice products. The layout is designed for optimal flow and efficiency, catering to all customer needs under one roof.**Meat Department:** A significant draw is the large meat department featuring cooler display counters for seafood, chicken, and more. It operates with a temperature-controlled breakdown/prep room. Currently leased on a month-to-month basis for $3,000/month, it offers flexible options for the new owner.**Commercial Kitchen:** Enhancing its revenue streams, the property includes a full commercial kitchen, presently leased month-to-month at $2,000. This feature provides an immediate income source or could be integrated into future business expansion plans.**Additional Amenities:** A unique addition to the market is a dedicated area for coffee, tea, and fountain drink machines. Furthermore, storage constraints are effortlessly managed with a warehouse designed for backstock and supplies.**Expansive Lot with Potential for Diversification: ** The property's extensive lot opens the door for numerous expansion possibilities, including the addition of a gas station, electric vehicle charging station, restaurant, or other ventures. Prospective buyers are encouraged to conduct due diligence to explore these avenues fully.

Property Details

  • Sale Type    Investment or Owner User
  • Sale Condition    1031 Exchange
  • Property Type    Retail
  • Property Subtype    Supermarket Supermarket General Retail Convenience Store General Retail Restaurant General Retail Service Station Supermarket
  • Building Size    9,375
  • Building Class    B
  • Year Built/Renovated    1937/2020
  • Price    3,475,000
  • Price Per SF    371
  • Cap Rate    9.35
  • NOI    325,000
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.16
  • Land Acres    1.33 AC

Property Taxes

Parcel Number 518-100-11-00-5 Improvements Assessment $186,057
Land Assessment $353,194 Total Assessment $539,251
Date Created: 2024-07-16 04:09:23 Last Updated: 2024-07-16 04:09:23
Address: 9590 S Union Ave , Bakersfield, California, 93307