1525 19Th StBakersfield, CA 93301

Property Details for 1525 19Th St

Year built

1922

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

28,686 SF

Zone code

C-B

Property type

Office buildings

APN

006-012-01-00-2

APU

601201002

Description

The Brower Building, located at 1525 19th Street in the heart of Downtown Bakersfield, California, presents a unique opportunity for businesses seeking a prestigious and convenient location. This four-story, 28,686 square foot historic office complex sits on a 0.17-acre lot and offers a variety of flexible office spaces, ranging in size from 193 to 1,900 square feet, perfect for small businesses looking to establish a presence or expand their operations. Each space boasts high ceilings and hardwood floors, contributing to a sophisticated and comfortable work environment. Modern amenities are included, providing tenants with 24/7 access to their offices, along with complimentary use of a large conference room, ensuring seamless workflow and collaboration. Convenient parking is also available. The building's central location offers unparalleled access to City Hall and Mechanics Bank Arena, while its proximity to major highways ensures easy commuting for employees and clients. The surrounding area is vibrant, with a diverse range of dining and entertainment options readily available. Lease rates begin at $11.69 per square foot. This is an exceptional opportunity to secure a prime office space in a thriving downtown Bakersfield location. The asking price for the entire building is $350,000.

• CAP approach

  CAP return

  Valuation

  6%

  $8,177,840

  6.5%

  $7,548,775

  7%

  $7,009,576

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,454,930

  Geo Method

  $5,454,930

• Alternative Use

  Use

  Valuation

  Residential

  $9,360,481

  Hospitality

  $8,574,150

  Educational

  $7,133,592

  Medical

  $7,378,928

  Retail

  $11,096,699

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.376

Longitude

-119.02

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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