Active
1201 Baker Street
Bakersfield CA, 93305
$2,200,000
$192.54 per sqft
Active
11,426 sqft
Commercial
Built in 1972
Listed by Kris Armand with Foresight Rlty & Inv. 818-343-3300
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.
SR24031231
MLSⓇ ID
February 13, 2024
Listed
December 5, 2024
Updated
Map
1201 Baker Street
Bakersfield CA, 93305
Interior Features
Total Stories
1
Laundry Description
None
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1.38 Acres
Lot Features
Lot Over 40000 Sqft, Level, Rectangular Lot
Other Property Details
Area Name
BKSF - Bakersfield
Days on Market
295
Garage
No
View
No
County
Kern
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
6/4/2024 | Price change | $2,200,000 -25% |
2/22/2024 | Price change | $2,900,000 -10% |
Listing Contact: 818-340-8100
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 12/5/2024 at 9:36 AM UTC