Description

PRICE IMPROVEMENT! Prime 8.7-Acre Development Opportunity Near Bakersfield - Zoned and Ready! Discover an exceptional investment opportunity in a highly sought-after location poised for extensive growth. This property offers incredible potential for development, making it the perfect time to seize this promising piece of land.The subject property is located in a well-established residential neighborhood of Shafter, offering a blend of suburban living and agricultural charm. The surrounding area features a diverse mix of property types, including multi-family residential developments, single-family homes, and active agricultural row crops. This unique setting provides a balance of residential convenience and open space, making it an attractive location for potential development or investment. The property is conveniently located near a variety of retail, entertainment, educational, recreational, and transportation options. It is within one mile of essential amenities, including a grocery store, pharmacy, public transportation, and public schools. The site is currently zoned R1; however, the owners are in the process of seeking an upzoning to R3. The proposed reclassification to R3 is intended to accommodate multi-family residential units, aligning with the County's development objectives for the area. In addition to the zoning application and completed Phase I Environmental Assessment, the property also includes an architectural site plan, land survey, market study, and reports on noise, air quality, and traffic. These comprehensive studies further demonstrate the site's readiness for development. This property offers a unique opportunity to leverage the region's ongoing growth and address the increasing demand for multi-family housing.