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- LoopNet Team
Panama
Bakersfield, CA 93311
Encanto Gardens - Entitled Gated MF Community · Land For Sale · 20.07 AC
INVESTMENT HIGHLIGHTS
- Development has Nine (9) Phases, allowing for phased development
- Easy access to all areas of town via Panama Lane (east/west) and Buena Vista Road (north/south)
- Located adjacent to newer, upscale housing communities
- Located in close proximity to an abundant amount of retail and service amenities
- Highly desirable area of SW Bakersfield w/ high-ranked school districts
- Off-site drainage and drill island are constructed & utilities are stubbed to Property
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 20.07 AC |
| Property Subtype | Residential | Cross Streets | Allen Rd |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 20.07 AC |
| Cross Streets | Allen Rd |
DESCRIPTION
Approved VTTM 7334 (“Property”) is located on an approximately 20.07 Gross (17.43 Net) acre parcel (APN 535-010-50) that is currently zoned R-2/LMR and approved for a 172-unit gated Duplex residential community. This Property is located at the NEC corner of Panama Lane and S. Allen Road, in a highly desirable area of Southwest Bakersfield. The Property is close in proximity to retail and service amenities and enjoys easy access to all areas of town via Panama Lane and Buena Vista Road. The development contains 46 duplex lots and 20 larger lots that can accommodate 2 duplexes each (totaling 86 duplexes) and 1 Common Area Lot. The off-site drainage basin and drill island are constructed with CMU block walls, an oversized 18” Sewer Trunk Line has been installed, Electric & Gas Dry Utility Facilities & Water Main are stubbed to the Property. The prior exiting oil well abandonment has been completed to residential standards and surface waivers are recorded. The Common Area Lot is designed with a community building which includes an on-site leasing office, resident lounge area, bathrooms and fitness center that overlooks a community pool, tot lot, and pickleball/tennis courts.
ZONING
| Zoning Code | R-2/LMR |
| R-2/LMR |
