2816 K StBakersfield, CA 93301

Property Details for 2816 K St

Year built

1964

Construction

WOOD

Lot size

0.14 AC

Property size (Sq ft)

3,491 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Retail space

APN

002-192-13-00-2

APU

219213002

Description

This exceptional 3,491 square foot commercial property located at 2816 K Street in Bakersfield, California, presents a unique investment opportunity. Situated in Kern County, with a 93301 zip code, this special purpose property boasts a prime downtown location near Adventist Health. The property is zoned C-2 and offers significant potential for various commercial uses. The building features a fully plumbed and wired kitchen area, adding to its versatility. Three and a half bathrooms provide ample facilities. Security is enhanced by a gated front entrance and a breezeway providing access to rear suites. The roof was recently replaced in 2020, ensuring long-term structural integrity. This property is ideal for a variety of businesses seeking a well-maintained, secure, and conveniently located space in a thriving downtown area. The asking price is $350,000. The property is classified as Industrial and Land, with manufacturing and commercial subtypes.

• CAP approach

  CAP return

  Valuation

  6%

  $1,462,922

  6.5%

  $1,350,390

  7%

  $1,253,933

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,672,898

  Geo Method

  $1,672,898

• Alternative Use

  Use

  Valuation

  Residential

  $1,139,104

  Hospitality

  $1,043,413

  Educational

  $868,108

  Medical

  $897,963

  Retail

  $1,350,390

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3853

Longitude

-119.017

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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