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1706 Chester Avenue

Bakersfield, CA 93301
  • $5,500,000
  • STATUS: Active Under Contract
  • ON SITE: 198 Days
  • ID#: 202105156
Under Contract
UPDATED: 47 min ago
$5,500,000
  • 0
    BEDS
  • 1.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 72,577
    SQFT
  • $76
    $/SQFT
Neighborhood:
10
Type:
Commercial
Built:
1926
County:
Area:
10

School Ratings & Info

Description

Golden Valley Real Estate Group is pleased to present this opportunity to own a 122,469 SF historic landmark building in Downtown Bakersfield. Built by and named after former Mayor George Haberfelde, this authentic building contains 5 stories of mixed use office and retail spaces in the heart of Bakersfield, one of the fastest growing cities in California. The building houses longtime popular local retail tenants on the ground floor and office spaces on the remaining floors, as well as a residential apartment unit on the rooftop that could be repurposed by a keen developer. 98 units on 3 parcels totaling 122,469 SF building size. Built in 1926, this historic building is primed for redevelopment by a new owner looking to add value and increase yields on their investment and/or an owner/user who can occupy the top floor overlooking downtown Bakersfield. The property is located in close proximity to the north and south bound 99 freeway and east and west bound 58 freeway

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Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2021. 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 Golden Valley Real Estate Group 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: 2021-12-03T17:31:39.54.
www.kerncountyhome.com/homes/117324910
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1706 Chester Avenue Bakersfield, CA 93301

  • Price: $5,500,000
  • Status: Active Under Contract
  • On Site: 198 Days
  • Updated: 47 min ago
  • ID#: 202105156
0
Beds
0
Baths
0
½ Baths
1.19
Acres
72,577
SQFT
$76
$/SQFT
1926
Built
Neighborhood:
10
County:
Kern
Area:
10
Property Description
Golden Valley Real Estate Group is pleased to present this opportunity to own a 122,469 SF historic landmark building in Downtown Bakersfield. Built by and named after former Mayor George Haberfelde, this authentic building contains 5 stories of mixed use office and retail spaces in the heart of Bakersfield, one of the fastest growing cities in California. The building houses longtime popular local retail tenants on the ground floor and office spaces on the remaining floors, as well as a residential apartment unit on the rooftop that could be repurposed by a keen developer. 98 units on 3 parcels totaling 122,469 SF building size. Built in 1926, this historic building is primed for redevelopment by a new owner looking to add value and increase yields on their investment and/or an owner/user who can occupy the top floor overlooking downtown Bakersfield. The property is located in close proximity to the north and south bound 99 freeway and east and west bound 58 freeway
Property Features

Annual Gross Income 697586.00 Annual Net Income 357500.00 Cap Rate 6.5% Commercial Type Commercial Current Use Retail And Office Total Annual Expense 330277.00 Zone C-B. Used For RetailRestaurantsAnd Commercial Office Spaces.

Listing courtesy of Tejroop Singh of Golden Valley Real Estate Group.


Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2021. 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 Golden Valley Real Estate Group 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: 2021-12-03T17:31:39.54.
 
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MV & Associates Real Estate
5329 Office Center Ct, Ste 201
Bakersfield CA, 93313