Contacts

Dylan J. Lym

ASU Commercial

Property Details

Property Type Office
Property Size 9,330 SF
Cap Rate % 7
Additional Rent Contact for pricing
# of Floors 3
Parking Spaces Avail. 23
Parking Ratio 2.47 / 1,000 SF
Building Class B
Year Renovated 2018
Date Updated Nov 12, 2024

-Highly visible freestanding two-story office building fronting Chester Avenue between California Avenue and Truxtun Avenue.

-Ideal for Owner-Users or Investors: Bristol Hospice is a credit tenant with almost 2-years remaining on the lease at below market rents. Over 7% in-place CAP Rate.

-More than 37,00 AADT at the intersection of Chester Avenue and California Avenue.

-Flexible C-C (Commercial Center) zoning allows for many commercial, office and multi-family uses.

-Recently renovated in 2018. Elevator served and ADA compliant.

-Close proximity to Highway 58, 178, 99, and the Westside Parkway providing convenient access to all areas of Kern County

-Close proximity to Kern County Superior Court, Mechanics Bank Arena, Bakersfield City Hall, and many government offices and restaurants.

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. Call 661-885-6949 for more information.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

85/100
Walk Score ®
40/100
Transit Score ®
60/100
Bike Score ®

Powered by Walk Score ®

Location

City Bakersfield, CA
Neighborhood Riviera - Westchester
Zip Code 93301
Market Central Valley

Points of Interest

Bakersfield

0.67 miles

AMPM

0.90 miles
Arco

1.09 miles
Mobil

1.50 miles
Bakersfield, CA - Camino Del Rio Ct Supercharger

1.85 miles
Shell

1.95 miles
Whitewater Carwash and Lube

4.09 miles
Chevron

4.18 miles

Xerox Employee Parking

1.57 miles
Stockdale Road Park and Ride

1.62 miles
Burger King Parking Lot

1.74 miles
Los Hermanos Parking Lot

1.76 miles
South West Parking Lot

3.57 miles
Maintenance Parking

3.72 miles
Guest Parking Lot

3.81 miles
Stadium Parking Lot (Permit Required)

3.88 miles
Staff Parking Only

4.05 miles
North East Parking Lot (Permit Required)

4.10 miles

Historic Downtowner Inn

0.04 miles
Padre Hotel

0.46 miles
Bakersfield Marriott at the Convention Center

0.48 miles
Best Western Plus Hill House

0.64 miles
Hampton

1.13 miles
Travelodge

1.16 miles
Red Roof Inn

1.16 miles
Motel 6 Bakersfield, CA - Central

1.22 miles
Quality Inn & Suites Near Downtown Bakersfield

1.23 miles
Extended Stay America - Bakersfield - California Avenue

1.26 miles

FoodMaxx

0.90 miles
Albertsons

0.95 miles
Smart & Final

1.46 miles
Ross

1.73 miles
Burlington

1.81 miles
Stop & Shop Market

1.84 miles
Food 4 Less

1.96 miles
Macy's

2.26 miles
Valley Plaza Mall

2.34 miles
JCPenney

2.35 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Map of Property

1227 Chester Avenue