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1101 Union Ave - Value Add Multi-Tenant Living Facility

24,254 SF Specialty Building Offered at $2,622,319 CAD in Bakersfield, CA 93307

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Investment Highlights

Two (2) buildings totaling approx. 24,254 square feet
Buildings contain a mixture of single occupancy living spaces, office spaces, commercial grade kitchen, and cafeteria

Previously used as a residential rehabilitation center (currently vacant)
Reduced Sales Price!!

Executive Summary

Reduced Sales Price!!! 1101 Union Ave is located in downtown Bakersfield., near the corner of California Ave and Union Ave. The subject property features two buildings totaling 24,254 square feet. This multifaceted property is designed to accommodate a variety of uses, with a mixture of single occupancy living spaces, office areas, a commercial-grade kitchen, and a cafeteria.

UnionAve-1101-SB

Property Facts

Price	$2,622,319 CAD	Building Size	24,254 SF
Price Per SF	$108 CAD	No. Stories	2
Sale Type	Investment	Year Built	1937
Property Type	Specialty	Parking Ratio	1.15/1,000 SF
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	1.22 AC

Price	$2,622,319 CAD
Price Per SF	$108 CAD
Sale Type	Investment
Property Type	Specialty
Building Class	C
Lot Size	1.22 AC
Building Size	24,254 SF
No. Stories	2
Year Built	1937
Parking Ratio	1.15/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.