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Listed by 661-904-1376 - Loris Barsoum - DRE #01390678 - Keller Williams Realty Bakerfield 661-617-6500

$1,399,000

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126 Chester Avenue Bakersfield, CA 93301

Mixed Use Residence

Beds

Baths

3,332 Sq. Ft.

0.3 Acre Lot

Property Activity

Time on Site

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Last updated on 11/15/2024 12:12 PM

Listing Details

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. Continue reading

MLS#

SR23211081

Property Type

Mixed Use

Status

Year Built

1965

Square Feet

3,332 sq. ft

Lot Size

0.3

Sewer