1607 S Chester Ave - Storefront Retail/Office FOR SALE


Bakersfield, CA 93304- Southgate
$495,000 USD
661-301-5972
1607 S Chester Ave, Bakersfield, CA for Sale
$495,000 USD
Storefront Retail/Office - FOR SALE
1/2
null | 7.25% Cap Rate

1607 S Chester Ave
Bakersfield, CA 93304
Southgate


HIGHLIGHTS

  • Nearby Businesses: Fastrip, Rite Aid, O’Reilly Auto Parts, Valero
  • Approximately 1 mile to Valley Plaza Mall
  • Ample shared parking with the adjacent church
  • Excellent street visibility and signage opportunities along South Chester Avenue and Ming Avenue

OVERVIEW

Investment Overview Prime owner-user or investment opportunity in the South Bakersfield submarket. This 3,036 SF retail property sits on 0.13 acres and offers high visibility, strong traffic counts, and ample parking. Currently tenant-occupied with a lease expiring in April 2028, this asset provides stable rental income and a 7.25% cap rate. Property Details Price: $495,000 Building Size: 3,036 SF Land Area: 0.13 Acres Zoning: C-1 (Commercial) Parking: Shared with adjacent church Year Built: 1966 Frontage: Excellent street exposure on South Chester & Ming Ave Tenant & Lease Details Existing tenant in place with lease expiring April 2028 Investment stability with immediate cash flow potential Located in an Opportunity Zone, offering potential tax benefits Location Highlights High-Traffic Area: 30,640 vehicles per day at South Chester & Ming Retail Corridor: Close to Fastrip, Rite Aid, O’Reilly Auto Parts, Valero 1 Mile to Valley Plaza Mall, Bakersfield’s premier shopping center Public Transit: 7 min (3.2 miles) to Amtrak Station Airport Access: 18 min (9 miles) to Meadows Field Airport Market Demand & Growth Demographics (3-Mile Radius) Population: 143,794 Daytime Employees: 79,882 Walk Score® of 72 – Very Walkable retail location Why Invest? ? Strong Retail Location – High exposure with excellent signage ? Stable Income Stream – Long-term tenant in place until 2028 ? Opportunity Zone Tax Benefits – Potential investor incentives ? Versatile Use – Retail, office, or service business potential ? Below Replacement Cost – Great value for Bakersfield’s growing market ?? Contact us today for more details or to schedule a showing!

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$165 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Drug Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

C-1

APN/PARCEL ID

011-401-13-00-1

ASK ABOUT THIS PROPERTY

Vince RocheCushman & WakefieldMore Info
661-301-5972

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Vince RocheCushman & WakefieldMore Info
661-301-5972

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