2105 24Th StBakersfield, CA 93301

Property Details for 2105 24Th St

Year built

1951

Construction

WOOD

Lot size

0.44 AC

Property size (Sq ft)

7,783 SF

Zone code

CO

Property type

Office properties

Property subtype

Office buildings

APN

003-102-03-00-3

APU

310203003

Description

This exceptional one-story office building, located in Bakersfield's vibrant Downtown submarket at 2105 14th Street, Suite 100 (cross streets: 24th Street), offers a unique leasing opportunity. The property totals 7,783 square feet and is zoned CO, encompassing ten individual suites. Currently, a contiguous 4,436 square feet of space is immediately available for lease, representing a significant portion of the building. The building features attractive design elements including glass perimeter offices and vaulted ceilings. On-site parking is provided, ensuring convenient access for tenants and their clients. The building's prominent location provides excellent visibility, enhancing its appeal to a wide range of businesses. This property presents a compelling opportunity for both professional and non-profit organizations. The lease includes an option to purchase, offering a flexible and potentially advantageous path to ownership. The minimum divisible space is 4,436 square feet, and the maximum contiguous space available is also 4,436 square feet. The property's address is 2105 14th Street, Suite 100, Bakersfield, CA 93301.

• CAP approach

  CAP return

  Valuation

  6%

  $2,218,844

  6.5%

  $2,048,164

  7%

  $1,901,866

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,480,015

  Geo Method

  $1,480,015

• Alternative Use

  Use

  Valuation

  Residential

  $2,539,723

  Hospitality

  $2,326,372

  Educational

  $1,935,515

  Medical

  $2,002,080

  Retail

  $3,010,800

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3808

Longitude

-119.026

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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