Bakersfield, CA 93305,1201 Baker ST
Bakersfield, CA 93305,1201 Baker ST
Bakersfield, CA 93305,1201 Baker ST
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$ 2,200,000
Est. payment | /mo

1.38 Acres Lot


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$ 2,200,000
Est. payment | /mo
Save

1.38 Acres Lot

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR24031231

HOA Y/N No

Year Built 1972

Lot Size 1.378 Acres

Property Description

Another HUGE $700K PRICE REDUCTION. A Unique Property on a signalized 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(6.06 Cap Rate) with future increases at each option renewal and with NO landlord responsibilities. The huge 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. Let's make a deal happen.

Location

State CA

County Kern

Area Bksf - Bakersfield

Interior

Fireplace No

Laundry None

Building

Lot Description Lot Over 40000 Sqft, Level, Rectangular Lot

Story 1

Water Public

Others

Tax ID 01410016007

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Kris Armand • Foresight Rlty & Inv. • 818-343-3300
agent-avatar

My extensive experience in sales, a white glove customer service and my expansive network enables me to open doors for my clients on both sides of the property equation. In fact, I stay involved throughout all stages of the real estate process. I’ll guide you every step of the way, whether you’re looking to buy, sell or rent. Book your appointment today and let's OPEN a New Door!

+1(949) 413-4554

pirushahomes@gmail.com

4040 Barranca Pkwy, Irvine, CA, 92604

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1201 Baker ST