Mixed-Use

City Lights at East Hills

2800-3200 Mall View Rd, Bakersfield, CA 93306

Listing Price: $7,750,000

Lot Size
36.41 acres
Price/Acre
$212,854
Land Type
Land
Buildable Square Feet
352,666

Investment Overview

Marcus & Millichap is pleased to present a strategically located master plan development opportunity with mixed-use potential in one of the largest and thriving cities in California. Located in Bakersfield, California and formerly known as the East Hills Mall the site is comprised of approximately 343,568 square feet of enclosed mall space on approximately 36.41 Acres of land. The site design for a 323,313 square foot retail shopping center was approved by the Planning Commission on 11/1/18 with PCD Zoning Overlay with the ability to offset development costs with credits for past fees paid in excess of $2.3 million. Planned Commercial Development (PCD) Zoning Overlay the zoning allows over 634,000 square feet of building at 40 percent lot coverage. Existing zoning is C-2 allowing a variety of mixed-uses. (Example R-4 Zoning Allows for 1,000(+) multi-family dwellings on the subject site.)

Investment Highlights

  • Former Enclosed Mall Comprising of 343,568 Square Feet of Building on 36.41 Acres
  • Located in Heavily Traveled and Dense Retail Corridor with Visibility from Adjacent CA-178 Freeway
  • Approximately 2,350 Feet of Freeway Frontage Along CA-178 as well as ± 2,350 Feet of Frontage on Mall View Road
  • Massive Parking Field with over 2,500 Parking Stalls
  • Under the Planned Commercial Development (PCD) Zoning Overlay the Zoning Allows over 634,000 Square Feet of Building at 40 Percent Lot Coverage
  • Master Planned Development Potential with Mixed-Use Potential Desirable to the City Comprising of Medical /Hospital, Senior Housing, Warehousing, Market Rate or Affordable Housing. Buyers to Verify with City Planning Department
  • Surrounded by Over One Million Square Feet of Essential Anchored Shopping Centers Anchored by Tenants such as Home Depot, Walmart, Target, Big Lots, Cvs Pharmacy, Big 5, Walgreens, Rite Aid, Petsmart, Goodwill
  • The Site is Approximately 2.75 Miles from Downtown Bakersfield, 0.85 Miles from Bakersfield College (23,195 Students) and 0.6 Miles from the Bakersfield Country Club

Exclusively Listed By

Listing Price: $7,750,000

Lot Size
36.41 acres
Price/Acre
$212,854
Land Type
Land
Buildable Square Feet
352,666

Investment Highlights

  • Former Enclosed Mall Comprising of 343,568 Square Feet of Building on 36.41 Acres
  • Located in Heavily Traveled and Dense Retail Corridor with Visibility from Adjacent CA-178 Freeway
  • Approximately 2,350 Feet of Freeway Frontage Along CA-178 as well as ± 2,350 Feet of Frontage on Mall View Road
  • Massive Parking Field with over 2,500 Parking Stalls
  • Under the Planned Commercial Development (PCD) Zoning Overlay the Zoning Allows over 634,000 Square Feet of Building at 40 Percent Lot Coverage
  • Master Planned Development Potential with Mixed-Use Potential Desirable to the City Comprising of Medical /Hospital, Senior Housing, Warehousing, Market Rate or Affordable Housing. Buyers to Verify with City Planning Department
  • Surrounded by Over One Million Square Feet of Essential Anchored Shopping Centers Anchored by Tenants such as Home Depot, Walmart, Target, Big Lots, Cvs Pharmacy, Big 5, Walgreens, Rite Aid, Petsmart, Goodwill
  • The Site is Approximately 2.75 Miles from Downtown Bakersfield, 0.85 Miles from Bakersfield College (23,195 Students) and 0.6 Miles from the Bakersfield Country Club

Investment Overview

Marcus & Millichap is pleased to present a strategically located master plan development opportunity with mixed-use potential in one of the largest and thriving cities in California. Located in Bakersfield, California and formerly known as the East Hills Mall the site is comprised of approximately 343,568 square feet of enclosed mall space on approximately 36.41 Acres of land. The site design for a 323,313 square foot retail shopping center was approved by the Planning Commission on 11/1/18 with PCD Zoning Overlay with the ability to offset development costs with credits for past fees paid in excess of $2.3 million. Planned Commercial Development (PCD) Zoning Overlay the zoning allows over 634,000 square feet of building at 40 percent lot coverage. Existing zoning is C-2 allowing a variety of mixed-uses. (Example R-4 Zoning Allows for 1,000(+) multi-family dwellings on the subject site.)

Exclusively Listed By

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