Technical
Financial
Distress signals
Property profile

3301 Chester Ave Bakersfield, CA 93301

FOR LEASE
Strip malls
Property ID
US09-0082657
26,950 SF 1.12 ac lot Built 1985
Entity Owned 11-yr Hold ~ Est. High Equity
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3301 Chester Ave, Bakersfield, CA 93301 For Lease
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3301 Chester Ave, Bakersfield, CA 93301
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Property summary

AI-generated overview

The Ice House Center, a historic mixed-use property, presents a unique investment opportunity in Bakersfield, California. Situated at the highly visible, signalized intersection of 34th Street and Chester Avenue, just north of Garces Circle, this retail and office center offers excellent visibility and accessibility. The property boasts a total of 2,327 square feet of currently vacant space, ideal for a variety of businesses seeking a prominent location. Its multiple tenancy structure allows for flexibility and diverse occupancy. The Ice House Center benefits from its proximity to key community landmarks, including the Kern County Museum, Memorial Hospital, and Adventist Health Hospital, ensuring high foot traffic and a strong customer base. This established center provides a blend of historical charm and modern functionality, making it an attractive option for businesses seeking a unique and well-positioned space in a thriving Bakersfield neighborhood. The address is 3301 Chester Avenue, Bakersfield, CA 93301. The property's strategic location and significant vacant space present a compelling opportunity for immediate occupancy and potential for substantial return on investment.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1985
Construction WOOD
Total area 26,950 SF
Lot 1.12 ac (48,787 SF)
APN 002-271-02-00-6
UPID US09-0082657

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

3301 Chester Ave Bakersfield, CA 93301
Bakersfield metro Census 603 BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.29M

Owner & transaction history

since 2015
4 recorded transactions
2019
Price N/A
2015
Price N/A
2004
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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