$40.01M

$40.01M

Est. $264,795/mo · 20% down · 6.5% · 30yr

0 Legray, Bakersfield, CA, 93307

For Sale
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42,419,163.6lot sqft
144 days on market

About this home

Unlock the potential of Central California with this rare 973+ acre offering in Mettler—an emerging logistics and industrial hotspot just off Highway 99 and Interstate 5. This expansive property presents a once-in-a-generation opportunity to shape a large-scale commercial or industrial development at the gateway to Southern California. Currently in agricultural production, the land provides immediate holding income while offering enormous upside for a forward-thinking developer. With proximity to major distribution hubs and strategically located between Northern and Southern California markets, the site is ideally suited for industrial, logistics, warehousing, or large-scale commercial use. Situated adjacent to the Tejon Ranch Commerce Center, this property is near a thriving ecosystem of top-tier industrial tenants including Nestlé, IKEA, Caterpillar Inc., Plant Prefab, and more. The area has become a magnet for Fortune 500 companies and advanced logistics users, drawn by its central location, excellent freeway access, and lower operating costs compared to the LA Basin. This land is priced to allow a savvy developer to come in, put in the infrastructure, and unlock incredible long-term value. The flat topography and expansive footprint offer flexibility for master planning and phased development. With infrastructure improvements and entitlement strategies, this property has the potential to evolve into a major logistics park or multi-tenant industrial campus.

Property Details

💰

$40.01M

Price

🌿

973.81 acres

Lot Size

🏠

Ranch

Type

📅

144 days

Days Listed

✓ Active ListingBakersfield, CA 93307

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Loan Type

Loan Term

$40,005,000
%
3%50%
$2,000,250 down
%
3%12%
%
$
$

Total Monthly (PITI+MI)

$295,943

Principal · Interest · Taxes · Insurance · MI

Principal & Interest$240,216
Property Taxes / mo$41,672
Home Insurance / mo$120
PMI (Mortgage Insurance)$13,935
Total Est. Payment$295,943
LTV95.0% · MI Required
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Neighborhood Snapshot

Bakersfield · 93307

Market Stats

Active Listings

205

ZIP 93307

Median List Price

$368K

ZIP 93307

Avg Days on Market

94

Bakersfield avg

Sale / List Price

297.8%

avg ratio

0 Legray, Bakersfield, CA, 93307

Listed by: JoAnn Wall, JoAnn Wall, Broker

Office: 805-369-2791

Based on information from CRMLS. All data is obtained from various sources and has not been verified. Full disclaimer

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