Investment Overview

Marcus and Millichap are pleased to present this Multi-Family Development Opportunity located at 1203 McCurdy Dr in Bakers?eld, CA 93306. This land development sale offers three (3) separate parcels. One lot measures 1.89 acres (82,328 sq ft) and is zoned for multi-family residential development. Another lot is responsible for the ingress from McCurdy Dr., which measures .23 acres (10,019 sq ft). Lastly, the third lot measures .29 acr.es (12,652 sq ft). This entire 3-parcel property has been submitted for site plan review (SPR) and has been conceptually approved for up to 30 units, a triplex, and a single-family home. The property has gone through Site Plan Review (SPR) and has conditions of approval. All essential utilities are readily accessible in the area, simplifying the development process. 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-?l-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.