1227 Chester Avenue is a unique opportunity for an owner-user or investor to acquire a prominent, two-story freestanding office building with frontage on Chester Avenue near the highly trafficked intersection of Chester Avenue and California Avenue in the heart of Downtown Bakersfield. The building is elevator served, ADA compliant, and was recently renovated in 2018 for a new tenant, Bristol Hospice. Their term expires in March of 2024 and the contract rent is below market lease rates yet still offers an investor more than a 7% return in year one on in-place income with potential for upside. A new owner may choose to negotiate an early termination or re-lease the property to a new tenant upon their expiration. Flexible C-C (Commercial Center) zoning allows for many commercial, office and multi-family uses, and the property enjoys easy access to all areas of Kern County via Highway 58, 99, 178, and the Westside Parkway.
Listing Agent: Dylan Lym Courtesy of: ASU Commercial Provided Courtesy Of Bakersfield Association of Realtors. Information Is Believed To Be Accurate But Not Guaranteed. Copyright 2022 Bakersfield Association of Realtors. All Rights Reserved.