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1601 N Chester Ave 3,831 SF 5% Leased Flex Building Bakersfield, CA 93308 $923,865 CAD ($241.16 CAD/SF) 6% Cap Rate



Investment Highlights
- Heavy traffic
- Newly remodeled
Executive Summary
This highly visible 3,831 sq ft commercial building offers an exceptional opportunity for both owner-users and investors in a prime, high-traffic location. Formerly operated as a bank and most recently utilized as a fully built-out salon, the property features extensive existing improvements including stations for hair, nails, pedicures, and styling, with furniture and equipment available to remain for a turnkey salon operation. The building is thoughtfully partitioned into two separate units, allowing for flexible useone currently operating as the salon and the second can be utilized for just about any business operations. With excellent street exposure, strong daily traffic counts, and adaptable space, this property is ideal with C-2 zoning. Ready for immediate occupancy or income potential, this is a rare opportunity to secure prime commercial real estate in a high-demand corridor.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$65,702
|
$17.15
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$65,702
|
$17.15
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$27,376
|
$7.15
|
| Net Operating Income |
$38,326
|
$10.00
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $65,702 |
| Annual Per SF | $17.15 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $65,702 |
| Annual Per SF | $17.15 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $27,376 |
| Annual Per SF | $7.15 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $38,326 |
| Annual Per SF | $10.00 |
Property Facts
| Price | $923,865 CAD | Property Type | Flex |
| Price Per SF | $241.16 CAD | Lot Size | 0.24 AC |
| Sale Type | Investment or Owner User | Rentable Building Area | 3,831 SF |
| Cap Rate | 6% | No. Stories | 1 |
| Sale Condition | 1031 Exchange | Year Built/Renovated | 1937/2010 |
| Zoning | C2 | ||
| Price | $923,865 CAD |
| Price Per SF | $241.16 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 6% |
| Sale Condition | 1031 Exchange |
| Property Type | Flex |
| Lot Size | 0.24 AC |
| Rentable Building Area | 3,831 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1937/2010 |
| Zoning | C2 |
1 1
Walk Score®
Very Walkable (80)
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Wayside Homes - Miramar International
1601 N Chester Ave
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