Located right in the middle of Downtown! This building has a 7000+ SF first floor with 7000+ SF basement as well! Over 14000 total square feet! Possibilities are endless, and this Location is one of the most central in Bakersfield! The current neighborhood is turning and you can see it with the Foxtail Lounge with ½ block, Dagny’s Coffee within 1 block, the Historic Fox Theater, Blue Oak Coffee, The 18Hundred, The Padre, and many more! This property is just blocks from the street fairs held monthly in the Downtown Bakersfield area. Located just blocks from Mercy Hospital Downtown. There is also easy access to the 178 and 99 Freeways which allows for easy travel just about anywhere you will need to go. Also located in an Opportunity Zone, this property may be able to defer your eligible capital gains. Market rents in the area are quoted to be around $19/SF/Year, which would be around $130-$135K/year income. There is previous fire damage in the unit on the corner which travelled to these two units. The building is in need of full redevelopment. The previous Owner quoted about $200,000 in rehab cost needed for vanilla shell. Architectural plans have already been completed and will be given to the new Buyer on closing. Contact us for more information today!
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