2105 & 2117 F Street 2105 F St

4,900 SF Office Building Bakersfield, CA 93301 $635,000 ($130/SF) 8.50% Cap Rate

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.

FINANCIAL SUMMARY (PRO FORMA - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $72,000 $14.69
Other Income - -
Vacancy Loss - -
Effective Gross Income $72,000 $14.69
Taxes - -
Operating Expenses - -
Total Expenses $18,000 $3.67
Net Operating Income $54,000 $11.02

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Conditions
1031 Exchange
Property Type
Office
Property Subtype
Office/Residential
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
Walk Score®
Very Walkable (82)

PROPERTY TAXES

  • Listing ID: 34580940

  • Date on Market: 4/15/2024

  • Last Updated:

  • Address: 2105 F St, Bakersfield, CA 93301