141 Chester Ave Bakersfield, CA 93308-4838
Property summary
This exceptional 1.71-acre (74,296 square foot) commercial land parcel, located at 141 N Chester Avenue in Bakersfield, California (zip code 93308), presents a unique redevelopment opportunity. Situated in the Oildale area of unincorporated Kern County, this C-2 zoned property boasts 203 feet of street frontage and is a corner lot. The site is fully entitled and shovel-ready for the construction of a +/- 80,000 square foot, three-story, climate-controlled self-storage facility with a gross area of 107,860 square feet and approximately 810 units. This project offers significant potential due to the absence of other fully climate-controlled self-storage facilities within a five-mile radius. The land is currently vacant, previously occupied by a used car dealership and mechanic warehouse. The property includes 30 existing parking spaces. The land value is $21.48 per square foot. The parcel's APN is 114-250-12-00-8. This is a modified lease type property with no rent bumps. This is a private ownership opportunity. This is a redevelopment investment opportunity.
Property profile
VerifiedCap rate & NOI
Current use
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Alternative Medicine Practice
Value estimations
Owner & transaction history
Zoning & alternative use
The purpose of C-2 zone is to permit development of concentrated large-scale retail operations providing a broad range of goods and services which serve the metropolitan market area
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Bakersfield, CAThe purpose of C-2 zone is to permit development of concentrated large-scale retail operations providing a broad range of goods and services which serve the metropolitan market area
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-2 in Bakersfield, CA.
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