Tehachapi Land Property for Sale

PLEASE SEE ATTACHED MARKETING PACKAGE FOR FULL DETAILS:

OFFERING SUMMARY: 860 Magellan Dr in the city of Tehachapi offers an investor a freeway visible gas station, market and drive-thru restaurant on a nearly 1 Acre site. All city permits have already been paid and the site is fully approved to start construction immediately. Chevron, 76 & Circle K have already offered lucrative branding & fueling contracts or you could choose your own. Located 1 block from the 58 freeway on/off ramp the property offers freeway visibility and excellent exposure. Rapidly developing area with a brand new Starbucks, Home Depot, Tractor Supply Co, Adventist Hospital and 2 Hotels (80% nightly occupancy) all having recently opened. A 3rd Hotel is already in planning & Adventist Hospital is expanding with a new Outpatient Pavilion. The project will include 10 fueling stations, a 3,130 SF market, which will include Beer&Wine, and a 2,000 SF restaurant with a 10-car stacking drive-thru lane and 1,086 SF patio.

DEMOGRAPHICS: The area has seen rapid growth with over 9% population and housing growth in the last 10 years. The average household income was estimated at $86,000 within a 2-mile radius.

SALES PRICE: $2,400,000

Karl Niehaus Founder & CEO - Commercial Real Estate Broker - DRE# 01450751 (310) 880-7900 KarlNiehaus@CREI.biz