Description

Major Fixer / Value-Add or Development Opportunity! Acquire a fully vacant former 16-room motel, providing investors and developers a low-cost basis to renovate, reposition or evaluate redevelopment of the C-2 zoned site. Formerly known as "The Welcome Inn," 130 Kern Street presents an opportunity to acquire a fully vacant former 16-room motel at a low entry basis in Taft, California. The two-story property contains approximately 4,181 square feet of improvements on a 9,583-square-foot C-2 zoned parcel.Offered at $400,000, the property equates to approximately $25,000 per existing room and provides investors with multiple potential strategies. A buyer may evaluate rehabilitation and reopening of the existing motel, repositioning toward an extended-stay or workforce-oriented lodging concept, or redevelopment of the site for an alternative commercial use permitted by applicable zoning.The property is being sold vacant and provides a buyer the ability to undertake improvements or redevelopment without an existing operating business or tenant occupancy. Located within Taft's commercial corridor with access to regional highways, the site offers visibility and connectivity to the surrounding western Kern County market.