Long Bar and Lounge
For Sale
$400,000
907 Chester Avenue, Bakersfield, CA 93308
Full-service bar and lounge building with 100-patron capacity and a 65-foot bar; zoned C-2.
Property Size2,231 SF
Lot Size0.06 Acres
Price / SF$179.29
Days on Market326
Property Features for 907 Chester Avenue
General Information
Standard status
Active
Size
2,231 SF
Lot size
0.06 Acres
Property subtype
General Commercial
Zoning
C-2
Amenities
3
Building Details
Year Built
1915
Tenancy
Single
Listing Agency:
Watson Realty
(661) 431-5534
Listed By:
William Gordon
(661) 431-5534
Source:
Xome
Added: Sep 20, 2025
Changed: Aug 8
Last Checked: Aug 11 at 5:05AM
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 Watson Realty
Investment Insights
Based on property information with market context.
This commercial building is currently operating as the Long Branch Saloon, a full-service bar and lounge. The property totals 2,231 square feet and sits on a 2,613 square foot lot. The concept includes a bar that is 65 feet long and a stated capacity of 100 patrons.
The current tenant occupies the space on a month-to-month basis and pays $2,500 per month. The listing is for the real property only. The property is zoned C-2.
For sale at 907 N Chester Avenue, Bakersfield, CA 93308, this is a turnkey opportunity for an owner-operator or investor looking to acquire a stabilized bar-and-lounge real estate asset with the existing operating configuration described above.
The current tenant occupies the space on a month-to-month basis and pays $2,500 per month. The listing is for the real property only. The property is zoned C-2.
For sale at 907 N Chester Avenue, Bakersfield, CA 93308, this is a turnkey opportunity for an owner-operator or investor looking to acquire a stabilized bar-and-lounge real estate asset with the existing operating configuration described above.
Key Highlights
- Commercial building currently housing Long Branch Saloon bar and lounge
- 2,231 SF building on a 2,613 SF lot; full‑service concept
- 100‑patron capacity with a 65‑foot‑long bar (reported as the longest bar in Kern County)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,890
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$457,800
$457.8K
Cap Rate 7%
$327,000
$327.0K
Cap Rate 9%
$254,333
$254.3K
Market Conditions
NOI Build-Up for 2,231 SF
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.
Gross rent
$32.1K $14.40/SF
− Vacancy
−$1.6K −$0.72/SF
EGI
$30.5K $13.68/SF
− OpEx
−$7.6K −$3.42/SF
NOI
$22.9K $10.26/SF
Area
Bakersfield, CA
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$457,800
Cap Rate 7%
$327,000
Cap Rate 9%
$254,333
Alternative Uses
Best Use
Specialty Retail
$327.0K
$286.1K – $381.5K
NOI $22,890 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$592.0K
$518.0K – $690.7K
NOI $41,443 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
59k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Groceries 22%
Shops & Services 15%
Electronics 2%
McDonald's
Dining
20,381 visits/mo
0.4 miles
Dollar General Market
Groceries
12,978 visits/mo
0.4 miles
Jack in the Box
Dining
9,104 visits/mo
0.4 miles
Wienerschnitzel
Dining
6,438 visits/mo
0.4 miles
7-Eleven
Shops & Services
3,460 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in Bakersfield, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cruising Park — 11912156, bakersfield, ca 93301
- Long Branch Saloon — 907 N Chester Ave, Bakersfield, CA 93308
- Trouts — 813 n chester ave, bakersfield, ca 93308
- Rustic Rail Saloon — 147 E Norris Rd, Bakersfield, CA 93308
- Dugan's — 1721 N Chester Ave, Bakersfield, CA 93308
Frequently Asked Questions
What type of property is this?
Bar & Pub - Full-service bar and lounge building with 100-patron capacity and a 65-foot bar; zoned C-2.
Where is this bar & pub located?
The property is located at 907 Chester Avenue Bakersfield, CA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Commercial building currently housing Long Branch Saloon bar and lounge; 2,231 SF building on a 2,613 SF lot; full‑service concept; 100‑patron capacity with a 65‑foot‑long bar (reported as the longest bar in Kern County)
