Description

We are offering 1305 N Chester Ave in Bakersfield, California, for sale at $745,000, or about $124.17 per square foot. The property is a 6,000-square-foot corner retail building with two units built in 1940 on approximately 0.185 acres. The site is zoned CC (Central & Community Commercial) and carries Assessor's Parcel Number 113-142-04-00-0.

Suite 1303 is about 1,100 square feet with an open storefront, a rear private office and a restroom, and Suite 1305 is about 4,900 square feet with 4,400 square feet of retail and 500 square feet of storage. Both suites were remodeled with new flooring, electrical and paint, and the property has alley access and a fenced yard. The offering shows a 7.81% cap rate on NOI of $58,182, and seller financing is available.

The building is on Chester Avenue between East Roberts Lane and East Norris Road, near Subway, Taco Bell, Walmart, FedEx and O'Reilly Auto Parts, with corner exposure and signage. About 50,679 people live within 5 miles, with an average household income of about $70,873. Bakersfield is in Kern County, part of the Bakersfield-Delano metropolitan area.

Jared Ennis and Kevin Land of Central CA Commercial represent this offering on behalf of ownership. We are glad to share the full offering memorandum, along with additional photos and property details, and to answer questions about the property and the surrounding area. Contact us to discuss the opportunity or to schedule a tour.