809 Baker St Bakersfield, CA 93305
- Turn key restaurants
- 2,125 SF
- 0.05 lot acres
Current Use by Public Records
- Arizona Cafe / Cafe / Coffee Store
Property Details for 809 Baker St
- Year built
- 1908
- Construction
- WOOD
- Lot size
- 0.05 lot acres
- Property size
- 2,125 SF
- Property type
- Turn key restaurants
- APN
- 016-070-19-00-2
- APU
- 1607019002
Description
This exceptional 2,125 square foot commercial property, situated on a 0.05-acre lot at 809 Baker Street in Bakersfield, CA, presents a rare investment opportunity. Located in the vibrant heart of Old Town Kern, this building benefits from its prime corner location, offering excellent visibility and accessibility. The property boasts convenient side and rear alley access, enhancing both operational efficiency and logistical ease. Currently occupied by a well-established and successful family-owned restaurant, the building features a spacious dining area, a fully equipped kitchen, and a substantial basement providing ample storage. The restaurant also includes a bar area and a rear door leading directly to the alley for convenient deliveries and waste removal. A rear gate adds an extra layer of security. The City of Bakersfield is actively engaged in revitalization plans for Old Town Kern, suggesting significant potential for future appreciation. This strategic location is further enhanced by the City's ownership of adjacent properties, indicating a commitment to the area's development. The sellers are also offering additional land parcels in the vicinity, providing potential for expansion or further investment. This is a truly unique opportunity to acquire a thriving commercial property in a rapidly evolving and desirable area. The asking price is $268,000. Please note that the tenant is not to be disturbed.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $220,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $235,000
- 6.5%
- $225,000
- 7%
- $275,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $245,000
- Geo Method
- $230,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $295,000
- Retail
- $255,000
- Mixed-Use
- $305,000
- Hospitality
- $230,000
- Educational
- $305,000
- Residential Income
- $245,000
- Energy
- $265,000
- Income-Based Land
- $230,000
- Food Service
- $240,000
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -118.993
- Latitude
- 35.3762
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
