Value-Add Commercial Building | 1930-2010 18th St
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Value-Add Commercial Building 1930-2010 18th St
9,775 SF Vacant Office Building Bakersfield, CA 93301 $1,447,373 ($148.07/SF)
INVESTMENT HIGHLIGHTS
- Value-add, mixed-use investment or owner-user opportunity directly west of the Padre Hotel
- Flexible floor plan and zoning suitable for a wide variety of use cases
- Easy access to Highways 58, 99, 178, and the Westside Parkway offering convenient routes to all areas of Kern County
- Four (4) suites each with direct entry, prominent building and window signage
- Within walking distance of numerous Bakersfield landmarks, government offices, and other amenities
- Masonry/Concrete block exterior, concrete foundation and floors ensuring security and durability for years to come.
EXECUTIVE SUMMARY
The Subject property sits between The Bakersfield Masonic Temple and The Woman’s Club of Bakersfield in the Westchester neighborhood of Downtown, just two blocks west of the Padre Hotel. On-site and street parking is available with direct entry to each suite from the front and rear of the building. Unique opportunity for an owner-user to control their occupancy costs as their needs for space grow or contracts by occupying a portion of the building and collecting income on the remainder.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
9,775 SF
Building Class
C
Year Built
1965
Price
$1,447,373
Price Per SF
$148.07
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,775 SF
Building FAR
0.53
Lot Size
0.42 AC
Zoning
C-1 - C-1 (Neighborhood Commercial), City of Bakersfield
Parking
26 Spaces (2.66 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Intuitive Touch Massage Therapy
- Health Care and Social Assistance
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Intuitive Touch Massage Therapy | Health Care and Social Assistance | - | - | - |
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Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 004-120-13-00-1 | Improvements Assessment | $763,481 |
| Land Assessment | $203,179 | Total Assessment | $966,660 |
PROPERTY TAXES
Parcel Number
004-120-13-00-1
Land Assessment
$203,179
Improvements Assessment
$763,481
Total Assessment
$966,660
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Value-Add Commercial Building | 1930-2010 18th St
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