1201 Baker ST Active Save Request In-Person Tour Request Virtual Tour
Bakersfield,CA 93305
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 11,426 sqft
Price per Sqft $192
MLS Listing ID SR24031231
HOA Y/N No
Year Built 1972
Lot Size 1.378 Acres
Acres 1.3784
Property Description
Another HUGE $700K PRICE REDUCTION. A Unique Property on a signalized 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(6.06 Cap Rate) with future increases at each option renewal and with NO landlord responsibilities. The huge 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. Let's make a deal happen.
Location
State CA
County Kern
Area Bksf - Bakersfield
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Building
Lot Description Lot Over 40000 Sqft,Level,Rectangular Lot
Story 1
Water Public
Others
Tax ID 01410016007
Special Listing Condition Standard