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Property profile & analytics

40 Chester Ave Bakersfield, CA 93301

  • Retail space
  • 23,640 SF
  • 2.34 lot acres
For Lease
Last Sale
Oct 22, 2021
$4,500,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US09-0447041
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Walgreens Pharmacy / Pharmacy
  • FedEx OnSite / Mailing Service
  • COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
  • Walgreens / Beauty Supply Store / Drug Store
  • Coinhub Bitcoin ATM Teller / Atm

Property Details for 40 Chester Ave

Year built
1968
Construction
WOOD
Lot size
2.34 lot acres
Property size
23,640 SF
Zone code
C-2
Property type
Retail space
APN
010-312-17-00-7
APU
1031217007

Description

This exceptional retail property, situated at 40 Chester Avenue in Bakersfield, California, presents a unique investment opportunity. The building, formerly occupied by Walgreens, boasts a substantial 14,750 square feet of space, currently entirely vacant and ready for immediate occupancy. The single-story structure is located in Kern County, at the highly visible corner of Chester Avenue and Brundage Lane, ensuring excellent exposure to high traffic volume. The property's classification is retail, specifically a former drug store, making it ideal for a variety of uses. The building's size and location offer significant potential for a wide range of businesses seeking a prominent presence in a bustling Bakersfield neighborhood. With its convenient access and high visibility, this property is poised to attract a strong customer base. The 14,750 square feet of vacant space provides ample room for customization and adaptation to suit the needs of a new tenant. This is a rare opportunity to acquire a well-positioned, substantial retail space in a thriving California market. The property's address is 40 Chester Ave, Bakersfield, CA 93301.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Bakersfield
County
Kern
State
California
Longitude
-119.018
Latitude
35.3546
CBSA code
12540
CBSA name
BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$54,381
$1,785,000
$2,805,000
$4,590,000
-
$0.00
$0.00
$0.00
More about this property
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