Jeremiah Moersch REALTOR®
Office: 760-533-2540
1201 Baker Street, Bakersfield
$2,900,000
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0 Bed
0 Bath
1.38 Acres
0 Garage
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.
Essential Information
- MLS® #
- SR24031231
- Price
- $2,900,000
- Bathrooms
- 0.00
- Acres
- 1.38
- Year Built
- 1972
- Type
- Commercial Sale
- Sub-Type
- Retail
- Status
- Active
Community Information
- Address
- 1201 Baker Street
- Area
- BKSF - Bakersfield
- City
- Bakersfield
- County
- Kern
- Zip Code
- 93305
- Senior Community
- N
Interior
- # of Stories
- 1
Lot Description
Lot Over 40000 Sqft, Level, Rectangular Lot
Additional Information
- Date Listed
- February 12th, 2024
- Days on Market
- 81
Listing Details
- Agent
- Kris Armand
- Office
- Foresight Rlty & Inv.
Property History
Price Reduced from $3,200,000 to $2,900,000
LISTING MAP
Based on information from California Regional Multiple Listing Service, Inc. as of May 4th, 2024 at 4:55am PDT. 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, 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.