Description

1039 Niles Street is a retail strip center for sale in Northeast Bakersfield, CA. Its 3,500 SF of gross leasable area spans four units in two commercial buildings, giving an owner-user or investor a choice of spaces within the property.

Built in 1956 on 0.17 acres, the Property has 1,350 SF of available gross leasable area. The units have open floor plans, hard-surface flooring, private restrooms, and separate gas and power meters. A fenced yard adds space outside the buildings, while street parking supports access for customers. The mix of occupied and available space gives a buyer a way to pair an operating presence with existing tenancy.

The corner location on Niles Street at Gage Street puts the Property in the Northeast Bakersfield submarket. Niles Street connects surrounding residential neighborhoods and local businesses, with shops, restaurants, and services along the corridor. Access to CA-178 and downtown Bakersfield extends that reach. For a retailer or service business, the street frontage and nearby businesses make this a location to serve both neighborhood customers and people traveling the corridor.

The asking price is $525,000, or $150 PSF, with in-place rents of $2,429 per month. Those rents give an investor an existing income component, while the available space creates an owner-user opportunity within the same purchase. The four-unit layout also lets a buyer consider each space as part of the property’s broader leasing plan. Review the Offering Materials for a closer look at 1039 Niles Street.

Highlights

Owner User Opportunity
Value Add Potential
(2) Commercial Buildings: (4) Units Totaling ±3,500 SF
Corner Location w/ Limited Competition
Strategic Trade Area
Quality Construction
Well Maintained
Economical Spaces
Ample Street Parking & Easy Access to CA- 178
Easy Access from Surrounding Major Corridors & Downtown
Secure
Private
Established Location w/ Quality Tenant Mix
Owner User Opportunity w/ Passive Income Potential
Requires Little Management or Maintenance
Fenced Yard Area

Property details

Lot size: 7515 SF
Number of buildings: 2
Number of commercial units: 4
Cross streets: Niles Street and Gage Street
Separate gas and power meters: all units
Unit 1222: Smoke Shop, 400 SF
monthly rent $1518
Unit 1224: occupied, 400 SF
monthly rent $911
Unit 1041: Botanica
owner's business, 1350 SF
Unit 1039: vacant, 1350 SF
Total stated monthly rent: $2429
Population within 1/3/5 miles: 26012/140207/270571
Average age within 1/3/5 miles: 32/34/34
Average male age within 1/3/5 miles: 31/33/34
Average female age within 1/3/5 miles: 32/35/35
Households within 1/3/5 miles: 7510/43779/86025
Persons per household within 1/3/5 miles: 3.5/3.2/3.1
Average household income within 1/3/5 miles: $45424/$61155/$64945
Average house value within 1/3/5 miles: $331192/$288150/$290792
Hispanic population within 1/3/5 miles: 81.6%/74.5%/69.0%
Number of buildings: 2 commercial buildings
Parking description: Ample street parking
Fenced yard: Fenced yard area
Occupancy breakdown: Two units leased, one used by the owner's business, and one vacant
Utility metering: All units have separate gas and power meters
Property features: Open floor plans, hard-surface flooring, bright lighting, energy-efficient features, private restrooms, outdoor lighting and landscaping
Nearby businesses: Westamerica Bank, Sonic, Starbucks, Del Taco, Albertsons, dd's Discounts, Target, UPS, Smart & Final, Wells Fargo, Bank of Sierra, Dollar General, Chase, 7-Eleven, McDonald's and Bank of America, among others
Population within 1, 3 and 5 miles: 26,012; 140,207; 270,571
Average age within 1, 3 and 5 miles: 32; 34; 34
Average male age within 1, 3 and 5 miles: 31; 33; 34
Average female age within 1, 3 and 5 miles: 32; 35; 35
Households within 1, 3 and 5 miles: 7,510; 43,779; 86,025
Persons per household within 1, 3 and 5 miles: 3.5; 3.2; 3.1
Average household income within 1, 3 and 5 miles: $45,424; $61,155; $64,945
Average house value within 1, 3 and 5 miles: $331,192; $288,150; $290,792
Hispanic population share within 1, 3 and 5 miles: 81.6%; 74.5%; 69.0%