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    40 Chester Ave Bakersfield, CA 93301

    Sponsored
    For Lease
    $14 SF/Yr ($17,208 /Mo)

    Former Walgreens, prime Bakersfield location. 14,750 SF available.

    Lot size:
    14,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, situated at 40 Chester Avenue in Bakersfield, California, presents a unique investment opportunity. The building, formerly occupied by Walgreens, boasts a substantial 14,750 square feet of space, currently entirely vacant and ready for immediate occupancy. The single-story structure is located in Kern County, at the highly visible corner of Chester Avenue and Brundage Lane, ensuring excellent exposure to high traffic volume. The property's classification is retail, specifically a former drug store, making it ideal for a variety of uses. The building's size and location offer significant potential for a wide range of businesses seeking a prominent presence in a bustling Bakersfield neighborhood. With its convenient access and high visibility, this property is poised to attract a strong customer base. The 14,750 square feet of vacant space provides ample room for customization and adaptation to suit the needs of a new tenant. This is a rare opportunity to acquire a well-positioned, substantial retail space in a thriving California market. The property's address is 40 Chester Ave, Bakersfield, CA 93301.

    Property Features for 40 Chester Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,750 SF
    Total Rate
    17208.33

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    14,750 SF
    Rate per SF
    $14

    HighLights

    • Prime Bakersfield location.
    • Excellent Highway 58 accessibility.
    • High traffic, strong daily needs customer base.
    • Prominent pylon signage opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Walgreens Pharmacy Pharmacy FedEx OnSite Mailing Service COVID-19 Drive-Thru Testing ... Pharmacy Walgreens Convenience Store Coinhub Bitcoin ATM ... Atm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.01837864841
    Latitude
    35.354421016828

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    FAQs

    What type of property is this?
    Retail property - Former Walgreens, prime Bakersfield location. 14,750 SF available.
    Where is this retail property located?
    The property is located at 40 Chester Ave Bakersfield, CA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Prime Bakersfield location.; Excellent Highway 58 accessibility.; High traffic, strong daily needs customer base.
    Request Owner's contact information
    40 Chester Ave Bakersfield, CA 93301
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    Bakersfield, CA 93301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    40 Chester Ave Bakersfield, CA 93301
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