623 Sumner St Bakersfield, CA 93305

Property Details for 623 Sumner St

Year built

1902

Construction

WOOD

Lot size

0.57 lot acres

Property size

21,495 SF

Zone code

C-2

Property type

Hotels

APN

016-060-06-00-1

APU

1606006001

Description

This exceptional investment opportunity presents a 28-unit motel and seven retail storefronts situated on a 34,767 square foot lot in Bakersfield, California's historic Old Town Kern. The property, totaling 21,495 square feet, boasts a rich history, having been built in 1902 and renovated in 2011. The two-story building is zoned C2, offering flexibility for various uses. The motel features 28 keys and 28 beds, providing immediate income potential. The seven retail spaces present an additional revenue stream or redevelopment potential, aligning perfectly with the ongoing revitalization efforts in Old Town Kern. This area is experiencing significant growth, fueled by new housing developments like the Renaissance at Baker, an 85-unit affordable housing complex. The property's prime location, just a five-minute drive from Downtown Bakersfield, offers unparalleled convenience and access to the area's vibrant cultural scene, including renowned restaurants like Pyrenees Café, Luigi's, and Wool Growers Restaurant. The City of Bakersfield is actively investing in Old Town Kern's revitalization, offering potential incentives for developers. This property is ideal for both first-time hotel owner-operators seeking a manageable income-producing asset and developers/investors looking for a high-potential site for revitalization. The property's combination of historical charm, strong income potential, and location within a rapidly developing area makes it a truly unique investment opportunity.

Location Insight

City

Bakersfield

County

Kern

State

California

Longitude

-118.993

Latitude

35.3767

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments