2501 H StBakersfield, CA 93301

Property Details for 2501 H St

Year built

1977

Construction

WOOD FRAME

Lot size

0.23 AC

Property size (Sq ft)

2,602 SF

Zone code

C-O

Property type

Medical offices

Property subtype

Medical space

APN

001-281-14-00-7

APU

128114007

Description

This exceptional 1-story, Class B medical office building, totaling 2,667 square feet, presents a fantastic opportunity. Located in prime downtown Bakersfield, adjacent to Adventist Health Hospital, a top-rated US hospital, this multi-tenant property offers immediate access to a thriving patient base. The building, constructed in 1977 and recently renovated, features a 1,500 square foot vacant suite ideal for a variety of medical practices. This suite includes four exam rooms, a breakroom, a shared waiting area, restrooms, and an executive office with its own private restroom. The building also boasts 17 on-site parking spaces, ensuring ample convenience for both staff and patients. The property's strategic location near SR 204 and SR 178 provides excellent visibility and accessibility. With prominent signage opportunities, this freestanding building offers a high-profile presence in a bustling medical corridor. The existing tenant occupies the remaining 1,167 square feet. This is a rare chance to secure a well-maintained, conveniently located medical office space in a high-demand area. Don't miss this chance to establish or expand your practice in a thriving medical hub.

• CAP approach

  CAP return

  Valuation

  6%

  $741,782

  6.5%

  $684,721

  7%

  $635,813

• Comparable approach

  Method

  Valuation

  Relative Method

  $494,796

  Geo Method

  $494,796

• Alternative Use

  Use

  Valuation

  Residential

  $849,055

  Hospitality

  $777,729

  Educational

  $647,062

  Medical

  $669,315

  Retail

  $1,006,541

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3822

Longitude

-119.022

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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