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1607 S Chester Ave
Bakersfield, CA 93304
Retail Property For Sale

Investment Highlights

  • Nearby Businesses: Fastrip, Rite Aid, O’Reilly Auto Parts, Valero
  • Ample shared parking with the adjacent church
  • Approximately 1 mile to Valley Plaza Mall
  • Excellent street visibility and signage opportunities along South Chester Avenue and Ming Avenue

Executive Summary

Investment Overview
Prime owner-user or investment opportunity in the South Bakersfield submarket. This 3,036 SF retail property sits on 0.13 acres and offers high visibility, strong traffic counts, and ample parking. Currently tenant-occupied with a lease expiring in April 2028, this asset provides stable rental income and a 7.25% cap rate.
Property Details
Price: $495,000
Building Size: 3,036 SF
Land Area: 0.13 Acres
Zoning: C-1 (Commercial)
Parking: Shared with adjacent church
Year Built: 1966
Frontage: Excellent street exposure on South Chester & Ming Ave
Tenant & Lease Details
Existing tenant in place with lease expiring April 2028
Investment stability with immediate cash flow potential
Located in an Opportunity Zone, offering potential tax benefits
Location Highlights
High-Traffic Area: 30,640 vehicles per day at South Chester & Ming
Retail Corridor: Close to Fastrip, Rite Aid, O’Reilly Auto Parts, Valero
1 Mile to Valley Plaza Mall, Bakersfield’s premier shopping center
Public Transit: 7 min (3.2 miles) to Amtrak Station
Airport Access: 18 min (9 miles) to Meadows Field Airport
Market Demand & Growth
Demographics (3-Mile Radius)
Population: 143,794
Daytime Employees: 79,882
Walk Score® of 72 – Very Walkable retail location
Why Invest?
? Strong Retail Location – High exposure with excellent signage
? Stable Income Stream – Long-term tenant in place until 2028
? Opportunity Zone Tax Benefits – Potential investor incentives
? Versatile Use – Retail, office, or service business potential
? Below Replacement Cost – Great value for Bakersfield’s growing market
?? Contact us today for more details or to schedule a showing!

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,000 SF
Year Built
1966
Price
$495,000
Price Per SF
$165
Cap Rate
7.25%
NOI
$35,888
Tenancy
Single
Building Height
1 Story
Building FAR
0.53
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
C-1 - Commercial

Amenities

  • 24 Hour Access
  • Signage
  • Air Conditioning

Property Taxes

Property Taxes

Parcel Number
011-401-13-00-1
Land Assessment
$62,949
Improvements Assessment
$221,393
Total Assessment
$284,342
  • Listing ID: 34715015

  • Date on Market: 2/4/2025

  • Last Updated:

  • Address: 1607 S Chester Ave, Bakersfield, CA 93304

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