3550 Q StBakersfield, CA 93301

Property Details for 3550 Q St

Year built

1983

Construction

WOOD

Lot size

2.24 AC

Property size (Sq ft)

4,092 SF

Zone code

C-O

Property type

Medical offices

Property subtype

Medical centers

APN

120-400-06-00-9

APU

12040006009

Description

This exceptional three-story medical office building, totaling 35,000 square feet, presents a unique investment opportunity in Kern County. Located at 3550 Q Street, near Memorial Hospital, this property boasts a prime location and excellent accessibility. The building features 179 parking spaces, exceeding the typical ratio for a facility of this size, ensuring ample parking for patients and staff. Convenient access is provided by an elevator and two stairwells. Currently, there is 5,202 square feet of vacant space available, offering immediate potential for expansion or new tenancy. Individual suites are metered separately for efficient utility management. The building is situated on a substantial 97,675.13 square foot lot and benefits from prominent monument signage on Q Street. Built in 1980, the building is zoned Commercial/Office and is comprised of multiple tenancies. The property's APN is 120-400-02,03,04,05,06. One available suite, approximately 1,266 square feet, is currently listed for sale or lease. The building is managed by a homeowner's association. This property offers a compelling opportunity for medical professionals seeking a well-established and conveniently located practice space. The cross street is 36th Street.

• CAP approach

  CAP return

  Valuation

  6%

  $1,118,779

  6.5%

  $1,032,719

  7%

  $958,953

• Comparable approach

  Method

  Valuation

  Relative Method

  $778,135

  Geo Method

  $778,135

• Alternative Use

  Use

  Valuation

  Residential

  $1,280,572

  Hospitality

  $1,172,997

  Educational

  $975,920

  Medical

  $1,009,483

  Retail

  $1,518,097

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3919

Longitude

-119.01

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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