Former Bank Building with
1309 N Chester Ave Bakersfield, CA 93308
For Sale
Contact for pricing
Former bank building with functional vault and teller stations on a C-2 zoned lot.
Property Size6,060 SF
Lot Size0.34 Acres
Price / SF$148.51
Days on Market491
Property Features for 1309 N Chester Ave
General Information
Standard status
Active
Size
6,060 SF
Lot size
0.34 Acres
Property subtype
RETAIL
Listing Agency:
Central Valley Commercial Brokers (CVCB)
(661) 404-4090
Listed By:
Marcus Duarte
Source:
Moodyscre
Added: Mar 26, 2025
Changed: Jul 28
Last Checked: Jul 28 at 8:37PM
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 Central Valley Commercial Brokers (CVCB)
Investment Insights
Based on property information with market context.
The property is a 6,060-square-foot building that was formerly used as a bank. It features functional vault space and teller stations, providing a distinct interior configuration for an owner-operator or redevelopment planning. A large monument is also included.
The building sits on an 14,810-square-foot lot and is listed with C-2 zoning. The property address is 1309 N Chester Ave, Bakersfield, CA 93308.
For buyers seeking a bank-to-other-use conversion or adaptive reuse, the existing vault and teller station layout are key improvements to evaluate alongside the C-2 zoning for redevelopment flexibility.
The building sits on an 14,810-square-foot lot and is listed with C-2 zoning. The property address is 1309 N Chester Ave, Bakersfield, CA 93308.
For buyers seeking a bank-to-other-use conversion or adaptive reuse, the existing vault and teller station layout are key improvements to evaluate alongside the C-2 zoning for redevelopment flexibility.
Key Highlights
- 6,060 sq. ft. building previously used as a bank
- Functional vault and teller stations in place
- 14,810 sq. ft. lot
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $87.3k | $14.40 |
| − Vacancy | −$4.4k | −$0.72 |
| EGI | $82.9k | $13.68 |
| − OpEx | −$20.7k | −$3.42 |
| NOI | $62.2k | $10.26 |
6,060 SF · lease $14.40/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$888.2K
$777.2K – $1.04M
NOI $62,176 @ 7.0% cap · market cap 6.91%
Second Best
Retail
$829.0K
$725.4K – $967.2K
NOI $58,031 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,571 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Bank - Former bank building with functional vault and teller stations on a C-2 zoned lot.
Where is this bank located?
The property is located at 1309 N Chester Ave Bakersfield, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 6,060 sq. ft. building previously used as a bank; Functional vault and teller stations in place; 14,810 sq. ft. lot
