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Centennial Medical Group 1801 16th St 15,817 SF Office Building Bakersfield, CA 93301 $2,862,540 ($180.98/SF)
Investment Highlights
- Owner/User Opportunity: Ideal for a single medical practice or medical group seeking close proximity to Mercy Hospital and downtown medical community
- Parking & Expansion: Approximately 60 off street parking spaces on a ±44,418 SF site (exceeds code) plus substantial on street parking
- Versatile Use: Suited for medical clinic, clinical laboratory, counseling, professional office, or mixed medical/office uses
- Pricing: Offered substantially below replacement cost at $190/SF.
Executive Summary
Colliers International is pleased to present the opportunity to acquire Centennial Medical Building, a well maintained, single story 15,817 RSF medical office building located in the heart of downtown Bakersfield, CA. Offered at $2,862,540 ($190/SF), the asset represents an exceptional turnkey owner/user or investor opportunity located within walking distance of Dignity Health Mercy Hospital Downtown, with flexible suites, excess parking, and a surplus lot for expansion or additional parking. The property is offered substantially below replacement cost and provides immediate occupancy options plus potential income from leased suites.
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Medical
Building Size
15,817 SF
Building Class
B
Year Built
1969
Price
$2,862,540
Price Per SF
$180.98
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
15,817 SF
Building FAR
0.36
Lot Size
1.02 AC
Opportunity Zone
Yes
Zoning
C-C-Office
Parking
60 Spaces (3.79 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Conferencing Facility
- Signage
- Air Conditioning
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Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,493,232 | |
| Land Assessment | $566,246 | Total Assessment | $2,059,478 |
Property Taxes
Parcel Numbers
Land Assessment
$566,246
Improvements Assessment
$1,493,232
Total Assessment
$2,059,478
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Contact the Sale Advisor
Centennial Medical Group | 1801 16th St