1203 McCurdy Dr - Unique Apartment Development Opportunity 1.89 Acres of Commercial Land Offered at $1,241,046 CAD in Bakersfield, CA 93306

Marcus & Millichap is pleased to present a premier Multi-Family Development Opportunity located at 1203 McCurdy Drive in Bakersfield, California. This offering consists of two (2) separate parcels available for purchase individually or together, providing investors and developers with flexible acquisition options in a steadily growing residential corridor. The primary parcel totals approximately 1.89 acres (82,328 square feet) and is zoned R-3 for multi-family residential development with APPROVED plans for 32 apartment units and is offered at $650,000, while the additional parcel measures approximately 0.29 acres (12,652 square feet), includes APPROVED plans for a 5-unit development (5-plex), and is offered at $250,000. For the Buyer’s benefit, each parcel will be delivered at the time of sale with APPROVED development plans and building permits in place, significantly reducing entitlement and pre-construction timelines while allowing for a streamlined path toward immediate construction commencement upon acquisition. Additionally, all major utilities are readily accessible to the site, further simplifying the development process for future ownership and development.

Strategically situated, the property offers proximity to major retail establishments, enhancing tenant convenience. Nearby retailers include Target, Walmart, Home Depot, Lowe's, and Big 5 Sporting Goods. Plans for a new shopping center in the vicinity include popular dining options such as Panera Bread, In-N-Out Burger, and Chick-fil-A. Additional major retail options in the area include Mister Carwash, Sizzler, El Pollo Loco, and Chipotle, among others.
This location is ideal for apartment development, situated in a strong rental market with high housing demand. The property's development-ready status makes it a prime opportunity for developers seeking a manageable-sized project to capitalize on the area's growth. Conceptual development models are available upon request to illustrate potential project designs.