2105 & 2117 F Street 2105 F St
4,900 SF Office Building Bakersfield, CA 93301 $635,000 ($130/SF) 8.50% Cap Rate
![2105 F St, Bakersfield, CA for sale - Building Photo - Image 1 of 3](https://images1.loopnet.com/i2/4ssegcUehdZr2cL72fDIuZ04080DhxPnUv3WU5kQmIE/110/2105-F-St-Bakersfield-CA-Building-Photo-1-Large.jpg)
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![2105 F St, Bakersfield, CA for sale - Building Photo - Image 3 of 3](https://images1.loopnet.com/i2/tQeQwgva9qvE1zrTspmueRF2CU24dB5h08kr4omWhbk/110/2105-F-St-Bakersfield-CA-Building-Photo-3-Large.jpg)
INVESTMENT HIGHLIGHTS
- Combined Lot Size: 0.42 acres (18,295 SF) in Downtown Westchester.
- Location: Prime spot on F St between 21st and 22nd Streets, high visibility, and access.
- Downtown Growth: Located in a vibrant, developing area with increasing demand.
- Zoning: C-1 zoning allows diverse commercial and residential development options.
- Vacant Land: 12,197 SF at 2117 F St for expansion or redevelopment.
- Income Potential: 2105 F St leased for $6,000/month with 1 year, 3 months remaining.
EXECUTIVE SUMMARY
This rare investment and redevelopment opportunity in Downtown Westchester combines a cash-flowing property and a vacant parcel with exceptional development potential. The property at 2105 F Street features a 4,626 SF residential facility on a 6,100 SF lot, currently leased for $6,000 per month with 1 year and 3 months remaining on the lease. Adjacent to it is 2117 F Street, a 12,197 SF vacant parcel, creating a combined total of 0.42 acres (18,295 SF). Both properties are zoned C-1, offering flexibility for a variety of commercial and residential uses.
This offering is ideal for investors seeking stable income and developers planning future projects. The lease at 2105 F Street provides immediate cash flow, while the vacant parcel offers significant potential for mixed-use, multifamily, retail, or build-to-suit developments. The prime location on F Street between 21st and 22nd Streets ensures excellent visibility and accessibility in a vibrant area experiencing consistent growth and redevelopment.
C-1 zoning allows for diverse development possibilities, making this property suitable for a wide range of buyers, including investors, developers, and business owners. Whether you envision a transformative redevelopment project or are looking to secure an income-generating asset in a high-demand area, these properties offer unmatched potential.
Contact us today for additional details or to schedule a showing of this exceptional offering. Don’t miss this opportunity to invest in or develop within Downtown Westchester’s thriving commercial landscape.
This offering is ideal for investors seeking stable income and developers planning future projects. The lease at 2105 F Street provides immediate cash flow, while the vacant parcel offers significant potential for mixed-use, multifamily, retail, or build-to-suit developments. The prime location on F Street between 21st and 22nd Streets ensures excellent visibility and accessibility in a vibrant area experiencing consistent growth and redevelopment.
C-1 zoning allows for diverse development possibilities, making this property suitable for a wide range of buyers, including investors, developers, and business owners. Whether you envision a transformative redevelopment project or are looking to secure an income-generating asset in a high-demand area, these properties offer unmatched potential.
Contact us today for additional details or to schedule a showing of this exceptional offering. Don’t miss this opportunity to invest in or develop within Downtown Westchester’s thriving commercial landscape.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
$72,000
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$14.69
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Other Income |
-
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-
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Vacancy Loss |
-
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-
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Effective Gross Income |
$72,000
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$14.69
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Taxes |
-
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-
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Operating Expenses |
-
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-
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Total Expenses |
$18,000
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$3.67
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Net Operating Income |
$54,000
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$11.02
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PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
4,900 SF
Building Class
C
Year Built
1910
Price
$635,000
Price Per SF
$130
Cap Rate
8.50%
NOI
$54,000
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,896 SF
Building FAR
0.27
Lot Size
0.42 AC
Opportunity Zone
Yes
Zoning
C-1 - Neighborhood commercial
AMENITIES
- 24 Hour Access
- Fenced Lot
- Signage
- Storage Space
- Air Conditioning
1 of 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
Parcel Number | 003-221-11-00-4 | Improvements Assessment | $314,302 |
Land Assessment | $81,987 | Total Assessment | $396,289 |