1227 Chester Ave - Loft/Creative Space FOR SALE


Bakersfield, CA 93301
$1,600,000 USD
661-204-6725
1227 Chester Ave, Bakersfield, CA for Sale
$1,600,000 USD
Loft/Creative Space - FOR SALE
1/25
null | 7.72% Cap Rate

1227 Chester Ave
Bakersfield, CA 93301


HIGHLIGHTS

  • Highly visible freestanding two-story office building fronting Chester Avenue between California Avenue and Truxtun Avenue
  • Ideal for Owner-Users or Investors: Bristol Hospice has almost 2-years remaining on the lease at below market rents. Over 7% in-place CAP rate
  • More than 37,00 AADT at the intersection of Chester Avenue and California Avenue
  • Flexible C-C (Commercial Center) zoning allows for many commercial, office and multi-family uses
  • Recently renovated in 2018. Elevator served and ADA compliant
  • Close proximity to Highway 58, 178, 99, and the Westside Parkway providing convenient access to all areas of Kern County

OVERVIEW

Rare opportunity to own or lease a Turn-Key centrally located office in downtown Bakersfield. Walking distance from the court house, city hall, restaurants and entertainment. This building features a recently updated interior space with newer roof, HVAC system and a well maintained Elevator to the second floor. Gated/Secured Parking and abundant street parking. This location also features high visibility from both the heart of the Downtown Corridor and well as from California Avenue. The central location allows for quick access to all parts of the city and is a short drive to the 58, 99 and West Side Park Way. C-C (Commercial Center) zoning allows for multiple uses.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$171 USD /SF

CAP RATE

7.72%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Highly Visible Freestanding Office Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Freestanding, Medical, Office Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

C-C

APN/PARCEL ID

006-532-02-00-6

ASK ABOUT THIS PROPERTY

Scott SaltersCushman & WakefieldMore Info
661-204-6725

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Scott SaltersCushman & WakefieldMore Info
661-204-6725

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.