3811 Mount Vernon AveBakersfield, CA 93306

Property Details for 3811 Mount Vernon Ave

Year built

1969

Construction

WOOD

Lot size

0.18 AC

Property size (Sq ft)

3,811 SF

Zone code

C-O

Property type

Medical offices

Property subtype

Medical centers

APN

382-360-10-00-9

APU

38236010009

Description

This exceptional Bakersfield commercial property, located at 3811 Mount Vernon Ave, presents a unique investment opportunity. The 3,811 square foot building, situated on a 7,840 square foot lot (APN 38236010), offers a blend of retail and office space, perfectly suited for a variety of uses. Built in 1969 and extensively renovated in 2013, the two-story structure boasts eleven offices, four restrooms, and a kitchen, providing ample flexibility for diverse business needs. The property's C-O zoning allows for a range of commercial activities. Its prime location across from Bakersfield College and on a high-traffic business corridor ensures excellent visibility and accessibility. The asking price is $550,000, translating to $144.32 per square foot. Additional features include a sizable backyard and ample parking, adding significant value to this already attractive offering. The updated infrastructure, including new flooring, electrical, and paint, ensures a move-in ready condition. This property represents a rare chance to acquire a versatile and well-located commercial space in a thriving Bakersfield market. Don't miss this opportunity to own a piece of Bakersfield's vibrant business landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,025,407

  6.5%

  $946,529

  7%

  $878,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $724,094

  Geo Method

  $724,700

• Alternative Use

  Use

  Valuation

  Residential

  $1,173,696

  Hospitality

  $1,075,100

  Educational

  $894,470

  Medical

  $925,232

  Retail

  $1,391,398

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.408

Longitude

-118.967

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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