1701 F St
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1701 F St
3,935 SF 100% Leased Office Building Bakersfield, CA 93301 $799,900 ($203/SF) 6.50% Cap Rate
Investment Highlights
- Convenient Downtown Location
- Close to shops, freeways, legal services, court house
- Mulit-Unit / Offices
Executive Summary
Location, Location, Location... Here's a special opportunity to own a piece of Bakersfield's history. Located in Westchester, Downtown Bakersfield, this 2833-square-foot historic Frank Munger Building is zoned C1 and is ideal for your business. Plus a second office building with approximately 1100 square feet of office space. Whether you're an owner-operator or an investor, this building is turnkey. The front building has two large suites on the first floor and a conference room, along with two ADA restrooms. The second floor has four offices and one restroom. The rear building is 1 level and has 4 offices or exam rooms, a reception area, and a waiting area. Additional features include two restrooms and a kitchen area. The exterior has tasteful curb appeal and is secured by a decorative iron fence. Additional exterior features include an ADA ramp, mature landscaping, and on-street parking. This property will give your business exposure to the downtown area and the convenience of being near popular eateries, hospitals, law firms, and Kern County Superior Court.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Building Size
3,935 SF
Building Class
C
Year Built
1912
Price
$799,900
Price Per SF
$203
Cap Rate
6.50%
NOI
$51,994
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,415 SF
Building FAR
0.50
Land Acres
0.18 AC
Zoning
C-1 - Commercial Office
Amenities
- Atrium
- Conferencing Facility
- Fenced Lot
- Basement
- Central Heating
- High Ceilings
- Air Conditioning
1 of 1
Walk Score ®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 004-132-06-00-8 | Improvements Assessment | $561,000 |
| Land Assessment | $102,000 | Total Assessment | $663,000 |
PROPERTY TAXES
Parcel Number
004-132-06-00-8
Land Assessment
$102,000
Improvements Assessment
$561,000
Total Assessment
$663,000
-
Bobby Chalhoub - Brimhall Realty
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1701 F St
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