$1,399,000
126 Chester Avenue Bakersfield, CA 93301
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Listed by Loris Barsoum • Keller Williams Realty Bakerfield
$1,399,000
Est. payment /mo
3,332 SqFt
UPDATED:
01/01/2024 07:07 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,332 sqft
Price per Sqft $419
MLS Listing ID CRSR23211081
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1965
Lot Size 0.298 Acres
Property Description
I'm pleased to present an excellent owner-user investment opportunity to acquire a 100% fee simple interest. The property consists of an approximately 3,332-square-foot, multi-tenant retail center that is situated on an approximately 12,994 square-foot-C-mixed-use-zoned parcel located in Bakersfield, California. The property is gated and comprised of three retail units with an excellent mix of tenants. Units range between 880 to 1500 square feet. These efficiently sized units are conducive to high occupancy, optimal rents, and low lease-up costs, minimizing capital expenditures and cash flow exposure. With a shortage of similar-sized properties for sale in the area and upward pressure on rental rates in a supply-constrained area, presents a unique opportunity to acquire a quality investment in a highly desirable area. The subject property is located in a prime Bakersfield location, walking distence to major intersection of Brundage Ln and Chester Ave, surrounded by major shopping center, and close to city hall, court, banks, police station major remodeling and year old three AC package unit in place.
Location
State CA
County Kern
Interior
Fireplace No
Building
Water Public
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