2011 19Th StBakersfield, CA 93301

Property Details for 2011 19Th St

Year built

1952

Construction

WOOD

Lot size

0.11 AC

Property size (Sq ft)

1,619 SF

Zone code

C1

Property type

Healthcare properties

Property subtype

Medical offices

APN

004-120-05-00-8

APU

412005008

Description

This exceptional 1,619 square foot medical office building presents a unique owner-user opportunity in Bakersfield's vibrant downtown area. Located at 2011 19th Street, this single-story, freestanding building sits on a 4,791 square foot lot and is zoned C-1 (Limited Commercial) by the City of Bakersfield. Currently leased month-to-month, the tenant will vacate by December 31, 2024, making it ideal for a medical practice seeking a move-in ready space. The building boasts a conventional floor plan including a reception area, waiting room, three exam rooms with sinks, two restrooms, a breakroom with sink, two private offices, and two file rooms. Recent upgrades include a roof replacement approximately 10 years ago and a new HVAC unit installed in 2023. Convenient on-site parking complements ample street parking. Its prime location offers proximity to major downtown hospitals: Mercy Downtown, Bakersfield Adventist, and Bakersfield Memorial. The asking price is $395,000, translating to $243.98 per square foot. This represents a compelling investment opportunity for a medical professional or savvy investor seeking a strong foothold in a thriving downtown Bakersfield market. The property's excellent condition and strategic location make it a highly desirable asset.

• CAP approach

  CAP return

  Valuation

  6%

  $461,560

  6.5%

  $426,055

  7%

  $395,623

• Comparable approach

  Method

  Valuation

  Relative Method

  $307,869

  Geo Method

  $307,869

• Alternative Use

  Use

  Valuation

  Residential

  $528,308

  Hospitality

  $483,928

  Educational

  $402,622

  Medical

  $416,469

  Retail

  $626,301

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.376

Longitude

-119.025

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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