624 Morning DrBakersfield, CA 93306

Property Details for 624 Morning Dr

Year built

2008

Construction

WOOD

Lot size

1.53 AC

Property size (Sq ft)

15,980 SF

Zone code

C2

Property type

Retail properties

Property subtype

Retail space

APN

145-040-60-00-2

APU

14504060002

Description

Pioneer Plaza, located at 624 Morning Drive in East Bakersfield, offers two available office suites, each measuring 1,200 square feet, within a larger 15,980 square foot building. Built in 2008, this single-story building sits on a prominent corner lot at the intersection of Morning Drive and Pioneer Dr, benefiting from high traffic volume due to its proximity to a high school and residential areas. The property is zoned C-2 and features ample parking. Suite B is move-in ready, offering an open space layout and a restroom. Suite G is a shell space, providing flexibility for tenant build-out. The location offers convenient access to numerous eateries, shopping centers, and major highways. The property's APN is 145-040-60, and it's situated in Kern County. Currently, 2,400 square feet of space is vacant within the building, with a minimum divisible space of 1,200 square feet. This presents a unique opportunity for businesses seeking a well-located and accessible office space in a thriving East Bakersfield neighborhood. The building features multiple tenancies.

• CAP approach

  CAP return

  Valuation

  6%

  $6,245,006

  6.5%

  $5,764,622

  7%

  $5,352,863

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,657,667

  Geo Method

  $7,657,667

• Alternative Use

  Use

  Valuation

  Residential

  $4,862,674

  Hospitality

  $4,454,183

  Educational

  $3,705,828

  Medical

  $3,833,277

  Retail

  $5,764,622

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3682

Longitude

-118.915

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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