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2014 Chester Avenue

Bakersfield, CA 93301
  • $485,000
  • STATUS: Active
  • ON SITE: 27 Days
  • ID#: 202206159
Price Reduced
UPDATED: 46 min ago
$485,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,005
    SQFT
  • $69
    $/SQFT
Neighborhood:
10
Type:
Commercial
Built:
1930
County:
Area:
10

School Ratings & Info

Description

Located right in the middle of Downtown, this building has a 7000+ SF first floor with 7000+ SF basement! (Over 14,000 total square feet!) Possibilities are endless, and this Location is one of the most central in Bakersfield.​ The current neighborhood is turning and you can see it with the Foxtail Lounge with block, Dagny's Coffee within 1 block, the Historic Fox Theater, Blue Oak Coffee, The 18Hundred, The Padre, and many more! Just blocks from Mercy Hospital and the street fairs held monthly in the Downtown Bakersfield.​ There is also easy access to the 178 and 99 Freeways which allows for easy travel just about anywhere you will need to go.​ Also located in an Opportunity Zone, this property may be able to defer your eligible capital gains.​ Market rents in the area are quoted to be around $19/SF/Year, which would be around $130-$135K/year income.​ There is previous fire damage in the unit next door which travelled to these two units as well.​

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Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2022. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Synergy Property Management or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2022-07-01T20:31:52.3.
www.sellshouses.net/homes/129492689
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2014 Chester Avenue Bakersfield, CA 93301

  • Price: $485,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 46 min ago
  • ID#: 202206159
0
Beds
0
Baths
0
½ Baths
0.16
Acres
7,005
SQFT
$69
$/SQFT
1930
Built
Neighborhood:
10
County:
Kern
Area:
10
Property Description
Located right in the middle of Downtown, this building has a 7000+ SF first floor with 7000+ SF basement! (Over 14,000 total square feet!) Possibilities are endless, and this Location is one of the most central in Bakersfield.​ The current neighborhood is turning and you can see it with the Foxtail Lounge with block, Dagny's Coffee within 1 block, the Historic Fox Theater, Blue Oak Coffee, The 18Hundred, The Padre, and many more! Just blocks from Mercy Hospital and the street fairs held monthly in the Downtown Bakersfield.​ There is also easy access to the 178 and 99 Freeways which allows for easy travel just about anywhere you will need to go.​ Also located in an Opportunity Zone, this property may be able to defer your eligible capital gains.​ Market rents in the area are quoted to be around $19/SF/Year, which would be around $130-$135K/year income.​ There is previous fire damage in the unit next door which travelled to these two units as well.​
Property Features

Annual Gross Income 210000.00 Annual Net Income 61488.00 Cap Rate 7.75 Commercial Type Commercial Current Use Vacant Total Annual Expense 148512.00 Zone C-BCity Of Bakersfield

Listing courtesy of Sanjeev Advani of Synergy Property Management.


Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2022. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Synergy Property Management or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2022-07-01T20:31:52.3.
 
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Louise Juracek | Open Door Real Estate
5351 Olive Drive, Suite 150
Bakersfield CA, 93308