For Auction

$1 Auction – Albertsons & Rite Aid Shadow 2.09 Acre Parcel | Bakersfield MSA | 21K VPD

Adj. to 1040 Kern St,
Taft, CA 93268

Asset Snapshot

Real Estate
Asset Type
Land
Property Type
2.09 Acres
Land Area

Offering Summary

Investment Higlights

  • ±2.09 Acre Albertsons & Rite Aid Adjacent Parcel within Dominant Retail Corridor in Taft, CA
  • Nearby National Retailers include Subway, Family Dollar, Anytime Fitness, Auto Zone, McDonald’s, Starbucks, Jack in the Box, Taco Bell, and More
  • Near Signalized Intersection with Combined Traffic Counts of ±21,514 (West Side Hwy & N 10th St)
  • Favorable GC Zoning (General Commercial) with Flexible Uses Permitted Including Mini-storage, Retail, Office, Restaurant, and more
  • Attractive Demographics with 5-Mile Population of ±17,035 Individuals and Annual Household Income of ±$56,379
  • 8.4% Population Growth from 2020-2024 and Future Growth Projected from 2024-2029 (5-mile radius)


Offering Summary

Marcus & Millichap is pleased to present 2.09 acres of undeveloped land located adjacent to 1076 Kern Street (the “Property”) in Taft, California. This Property offers an exceptional investment opportunity via development and FIRST BID MEETS RESERVE!
 
The Property is a ±2.09-acre parcel shadow to Taft’s only grocery-anchored shopping center. The Property is well positioned with visibility and frontage on West Side Highway and benefits from traffic counts of 12,131 vehicles per day. The Property is in Taft’s dominant retail corridor near a mix of residential, educational, and retail demand generators.  Nearby retailers include Albertson’s, Rite Aid, Subway, Family Dollar, Anytime Fitness, Auto Zone, McDonald’s, Starbucks, Jack in the Box, Taco Bell, and more. The Property is situated across from Taft Union High School and Taft College, a 100-year-old school with over 5,700 students enrolled. The Property benefits from GC zoning, General Commercial District, with flexible uses permitted including retail, professional office, mini-storage, restaurant, and many more.  
 
Taft is a city in Kern County, located in the San Joaquin Valley approximately 30 miles southwest of Bakersfield. Historically an oil town, Taft has long been associated with the energy sector, particularly petroleum extraction and refining. While oil continues to play a key role in the local economy, the city is gradually diversifying, offering opportunities in industrial, logistics, and residential development. The Property's location offers excellent real estate fundamentals within a robust area and extremely dense and compelling demographics with a 2024 population of ±17,035 residents and an average annual household income of ±$56,379 within a 5-mile radius. The population has experienced 8.4% growth from 2020-2024 with 1.47% growth expected over the next five years.

Due Diligence

Transaction Manager

Damian Smoter
Marketplace
(800) 915-7015dsmoter@realinsight.com

Platform Fee

Buyer pays a minimum platform fee of 5% or $20,000 at closing.

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

Emilio Lemeni
c/o Fisher Auction Company Inc.
License: 00961384

Need Help?

Your transaction managers are your first point of contact for any auction or process questions. For additional support:

info@rimarketplace.com800-915-7015

Closed

This asset was part of the March 26th, 2025 auction event, resulting in a successful transaction that closed in just 32 days.
Ready to sell your asset on the platform with the highest trade rate in the industry?
Interested in additional investment opportunities?

Investment Sales Brokers

Adam Sklaver
Marcus & Millichap
(301) 706-4619adam.sklaver@marcusmillichap.com
Philip Kates
Marcus & Millichap
(305) 206-1286philip.kates@marcusmillichap.com
Kyle Hynes
Marcus & Millichap
(617) 699-0128kyle.hynes@marcusmillichap.com
TS
Tony Solomon
Marcus & Millichap
CA License: 01238010

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.