3807 Union AveBakersfield, CA 93305

Property Details for 3807 Union Ave

Year built

1987

Construction

WOOD

Lot size

0.58 AC

Property size (Sq ft)

5,653 SF

Zone code

C-O

Property type

Medical offices

Property subtype

Medical centers

APN

120-200-14-00-4

APU

12020014004

Description

This exceptional 5,733 square-foot medical office building is available for sublease in Bakersfield, California. Located at 3807 Union Ave, this single-story property boasts a prime location on the west side of Union Avenue, nestled between Columbus Street and 34th Street. Its strategic placement offers easy access to a thriving medical corridor, situated conveniently near Dignity Memorial Hospital and other medical and professional services. The building is zoned CO and is entirely vacant, presenting a unique opportunity for a medical practice or related business seeking immediate occupancy. The property features a total of 5,733 square feet of usable space within a single building, offering ample room for expansion and customization to meet specific operational needs. This turnkey solution eliminates the need for extensive renovations or build-outs, allowing for a swift and efficient transition into a new space. The property's location in Kern County, California, provides access to a significant patient base and a strong local economy. This is an ideal opportunity for a medical professional or group seeking a well-located, ready-to-occupy office space in a high-demand area. The property's single-story design ensures convenient accessibility for patients and staff. The sublease opportunity allows for flexible lease terms and potentially lower initial investment costs compared to purchasing a building. This presents a compelling opportunity for growth and expansion within the Bakersfield medical community. The property's address is 3807 Union Ave, Bakersfield, CA 93305.

• CAP approach

  CAP return

  Valuation

  6%

  $1,611,368

  6.5%

  $1,487,416

  7%

  $1,381,172

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,074,974

  Geo Method

  $1,074,974

• Alternative Use

  Use

  Valuation

  Residential

  $1,844,396

  Hospitality

  $1,689,457

  Educational

  $1,405,608

  Medical

  $1,453,950

  Retail

  $2,186,502

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3941

Longitude

-119.004

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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