4200 Truxtun AveBakersfield, CA 93309

Property Details for 4200 Truxtun Ave

Year built

1992

Construction

WOOD

Lot size

3.14 AC

Property size (Sq ft)

50,923 SF

Zone code

C2

Property type

Office properties

Property subtype

Office buildings

APN

332-255-23-00-5

APU

33225523005

Description

Parkway Center, a three-story Class A office building located at 4200 Truxtun Ave, Bakersfield, CA 93309, offers exceptional office space in the Southwest submarket. This 48,901 square foot building, constructed in 1992, boasts convenient access to downtown Bakersfield and West Bakersfield via Truxtun Avenue and Westside Parkway. The property is situated near the intersection of Truxtun Avenue and Empire Drive, just west of Highway 99. The building features two elevators and ample tenant parking. Currently, 2,958 contiguous square feet of office space is available on the second floor, with a minimum divisible space of 1,417 square feet. The zoning is C-2. Parkway Center is uniquely situated adjacent to the Kern River Bikepath, and caters to active commuters with common area shower facilities. This prime location offers businesses a blend of convenience and accessibility, making it an ideal choice for various office needs. The building is categorized as both Traditional and Executive Office space, providing flexibility for diverse business requirements.

• CAP approach

  CAP return

  Valuation

  6%

  $14,519,566

  6.5%

  $13,402,676

  7%

  $12,445,342

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,683,518

  Geo Method

  $9,683,518

• Alternative Use

  Use

  Valuation

  Residential

  $16,619,318

  Hospitality

  $15,223,206

  Educational

  $12,665,529

  Medical

  $13,101,116

  Retail

  $19,701,934

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3737

Longitude

-119.048

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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