325 Lexington StDelano, CA 93215

Property Details for 325 Lexington St

Year built

2005

Construction

WOOD

Lot size

0.93 AC

Property size (Sq ft)

8,988 SF

Zone code

GC

Property type

Medical offices

Property subtype

Medical centers

APN

422-022-23-00-3

APU

42202223003

Description

This single-story, 8,725 square foot Class B medical/traditional office building at 325 S Lexington Street, Delano, CA 93215, offers a 5,500 square foot suite for immediate lease. Built in 2005, the property sits on a 0.92-acre lot and is zoned for General Commercial use in Kern County. The building features a total of 57 parking spaces, providing ample convenience for tenants and their clients. The available space is contiguous and represents the minimum divisible space within the building, which contains a total of two suites. The building's location is highly desirable, situated conveniently off Highway 99 near Adventist Health Delano. This presents a fantastic opportunity for medical practices or other office users seeking a well-maintained, accessible space in a growing community. The property's convenient location and ample parking make it an ideal choice for businesses seeking a strong presence in Delano. The building's single-story design ensures easy accessibility for all tenants and visitors. This is a rare opportunity to secure a substantial space in a well-located building.

• CAP approach

  CAP return

  Valuation

  6%

  $1,274,196

  6.5%

  $1,176,180

  7%

  $1,092,168

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,193,518

  Geo Method

  $1,709,158

• Alternative Use

  Use

  Valuation

  Residential

  $1,458,464

  Hospitality

  $1,335,945

  Educational

  $1,111,490

  Medical

  $1,149,716

  Retail

  $1,728,985

Location Insight

City

Delano

County

Kern

State

California

Latitude

35.7604

Longitude

-119.241

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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