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$3,175,000
Est. payment /mo
10,300 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,300 sqft
Price per Sqft $308
MLS Listing ID 202411994
Year Built 1981
Lot Size 0.890 Acres
Acres 0.89
Property Sub-Type Commercial
Property Description
ASU Commercial is pleased to offer for sale the fee simple interest in 5151 Stockdale Highway in Bakersfield, CA. The property is a two-tenant office building partially occupied by Mechanics Bank, with a vacant portion consisting of approximately 5,980 square feet. The existing vacancy consists of approximately 54% of the building, well suited for an owner-occupant. The property is located within Bakersfield's southwest office submarket, and has a distinct retail presence with fantastic visibility and signage along a thoroughfare with heavy traffic volume. Mechanics Bank has a long-standing history at this location and this branch represents the largest deposits ($124mm) of any of Mechanics' Kern County branches. The mature submarket provides barrier to entry in the immediate area and the price is below replacement cost.
Location
State CA
County Kern
Area 52
Zoning C-O
Exterior
Present Use Office and bank
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Listed by Matthew E Starr • ASU Commercial