1201 Baker ST Active Save Request In-Person Tour Request Virtual Tour
Bakersfield,CA 93305
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR24031231
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
Laundry None
Building
Lot Description Lot Over 40000 Sqft,Level,Rectangular Lot
Story 1
Water Public
Others
Special Listing Condition Standard