Remodeled Two-Unit Retail
For Sale
Contact for pricing
1305 N Chester Ave, Bakersfield, CA 93308
Two updated suites provide open storefront areas, private rooms, storage, alley access, and a fenced yard.
Property Size6,000 SF
Price / SF$124.17
Days on Market237
Property Features for 1305 N Chester Ave
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Retail
Zoning
CC
Lease Type
Modified Gross
Building Details
Year Built
1940
Year Renovated
2025
Units
2
Listing Agency:
C21 Commercial
Listed By:
Jared Ennis · License #CA
(559) 705-1000
Source:
Crexi
Added: Feb 20
Changed: Oct 15
Last Checked: Oct 14 at 8:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of C21 Commercial
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Investment Insights
Based on property information with market context.
This retail property at 1305 N Chester Ave includes two suites totaling approximately 6,000 SF. Suite 1303 contains approximately 1,100 SF of open retail area, a rear private office, and a private restroom. Suite 1305 offers approximately 4,900 SF, including approximately 4,400 SF of retail space, approximately 500 SF of storage, and a private bathroom. Both suites have been updated with new flooring, electrical work, and paint. The building was constructed in 1940 and is zoned CC.
The property is positioned on Chester Avenue between E Roberts Lane and E Norris Road in northern Bakersfield, with alley access, a fully fenced yard, and convenient access to a major highway. Nearby businesses include Subway, Taco Bell, Shell, Mobile, Walmart, FedEx, 7-Eleven, and O'Reilly Auto Parts, along with restaurants and other services.
The property is positioned on Chester Avenue between E Roberts Lane and E Norris Road in northern Bakersfield, with alley access, a fully fenced yard, and convenient access to a major highway. Nearby businesses include Subway, Taco Bell, Shell, Mobile, Walmart, FedEx, 7-Eleven, and O'Reilly Auto Parts, along with restaurants and other services.
Key Highlights
- Approximately 6,000 SF of retail space across two suites
- Suite 1303 includes approximately 1,100 SF, a private office, and private restroom
- Suite 1305 includes approximately 4,400 SF of retail space and approximately 500 SF of storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,456
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,149,120
$1.1M
Cap Rate 7%
$820,800
$820.8K
Cap Rate 9%
$638,400
$638.4K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$86.4K $14.40/SF
− Vacancy
−$4.3K −$0.72/SF
EGI
$82.1K $13.68/SF
− OpEx
−$24.6K −$4.10/SF
NOI
$57.5K $9.58/SF
Area
Bakersfield, CA
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,149,120
Cap Rate 7%
$820,800
Cap Rate 9%
$638,400
Alternative Uses
Best Use
Retail
$820.8K
$718.2K – $957.6K
NOI $57,456 @ 7.0% cap · market cap 7.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,456 @ 7.0% cap · market cap 14.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
44k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Home Improvements & Furnishings 20%
Fastrip
Shops & Services
24,668 visits/mo
0.2 miles
Floyd's General Store
Home Improvements & Furnishings
8,844 visits/mo
0.5 miles
Valero Energy
Shops & Services
6,447 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
4,337 visits/mo
0.3 miles
Demographics for 93308, CA
56,037
Population
21,443
Households
2.6
Avg Household Size
35
Median Age
18%
College-Educated
84%
High-School Grad
344.6 sq mi
ZIP Area
163
Density / Sq Mi
$59,511
Median Household Income
$39,676
Median Earnings
$1,260
Median Rent
$298,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Bakersfield, CA
Frequently Asked Questions
What type of property is this?
Retail space - Two updated suites provide open storefront areas, private rooms, storage, alley access, and a fenced yard.
Where is this retail space located?
The property is located at 1305 N Chester Ave Bakersfield, CA.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Approximately 6,000 SF of retail space across two suites; Suite 1303 includes approximately 1,100 SF, a private office, and private restroom; Suite 1305 includes approximately 4,400 SF of retail space and approximately 500 SF of storage
