1201 Baker Street

Bakersfield, CA 93305

$2,900,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $253 / sqft

1972

calendar_month Built

Property Description

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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 1201 Baker Street
City Bakersfield
State CA
Zip 93305
County Kern
Listing Agent Kris Armand DRE#00775942
Courtesy Of Foresight Rlty & Inv.
MLS SR24031231
List Price $2,900,000
Status Active
Type Commercial
Subtype Retail
Structure Size N/A
Lot Size N/A
Year Built 1972
DOM 9

Exterior Information

Maps

Listing information courtesy of: Kris Armand, Foresight Rlty & Inv. . *Based on information from the Association of REALTORS/Multiple Listing as of Feb 22nd, 2024 at 11:12 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.