1201 Baker Street, Bakersfield, CA 93305 | MLS SR24031231 | Listing Information | Berkshire Hathaway HomeServices Associated Real Estate | Berkshire Hathaway HomeServices Associated Real Estate
FOR SALE
$2,900,000  

1201 Baker Street
Bakersfield, CA 93305

Retail, Business Opportunities
Commercial
11,426
Sq. Ft.
1.3784
Acres Lot
Listing Agent: Kris Armand CalDRE: 00775942 - Foresight Rlty & Inv., 818-343-3300

Description for 1201 Baker Street Bakersfield, CA 93305

A HUGE $300K PRICE REDUCTION. A Unique Property on a hard corner with access from all sides and drive-through facilities. Occupied by Bank of America, a single national credit tenant, for a very long time with multiple options to renew every five(5) years, the latest one of which was recently exercised on 5/31/2023 for another five(5) years. Tenant is on a NNN lease currently paying $133,303/year(4.60 Cap Rate) with future increases at each option renewal and with NO landlord responsibilities. The size and Unique configuration of this property offers a tremendous potential for future development upon expiration of Tenant's lease. Motivated Seller will entertain all reasonable offers. Full 2.5% commission to buyer's agent. Let's make it happen.

Property Details

SR24031231
Retail, Business Opportunities, 1 Story
Kern
1972
1.3784 Acres
Public
1
11,426 Sq. Ft.
Detailed Room Information
Laundry
None
Exterior / Lot Features
Parking
0 Covered Parking Spaces.
Additional Exterior/Lot Features
Lot Over 40000 Sqft,Level,Rectangular Lot.
Financial Considerations
01410016007

Market Trends

Listing Agent: Kris Armand CalDRE: 00775942 - Foresight Rlty & Inv., 818-343-3300
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