2324 Chester AveBakersfield, CA 93301

Property Details for 2324 Chester Ave

Year built

1910

Construction

WOOD

Lot size

0.14 AC

Property size (Sq ft)

12,200 SF

Zone code

C-2

Property type

Retail space

APN

005-381-11-00-5

APU

538111005

Description

This exceptional 12,200-square-foot storefront, located at 2324 Chester Ave in Bakersfield, California (zip code 93301), presents a compelling investment opportunity. The two-story building, constructed in 1910 and extensively renovated in 2017, sits on a 6,108-square-foot lot and is zoned C2. The asking price is $795,000, translating to $65.16 per square foot. The ground floor encompasses approximately 6,000 square feet, featuring a prominent glass storefront, ample storage areas, and smaller office spaces. This versatile space has served as a marketing/printing company for the past six years, demonstrating its adaptability to various business needs. The building's prime downtown Bakersfield location offers excellent visibility and accessibility. The seller is highly motivated and open to considering all reasonable offers. This property represents a rare chance to acquire a well-maintained, historically significant commercial building in a thriving urban core. The building's recent renovations ensure modern functionality while retaining its character. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $5,112,546

  6.5%

  $4,719,273

  7%

  $4,382,182

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,846,279

  Geo Method

  $5,846,279

• Alternative Use

  Use

  Valuation

  Residential

  $3,980,884

  Hospitality

  $3,646,468

  Educational

  $3,033,818

  Medical

  $3,138,156

  Retail

  $4,719,273

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3806

Longitude

-119.018

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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