34
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$525,000
Est. payment /mo
2,303 SqFt
Active
901 34th Street Bakersfield, CA 93301
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Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,303 sqft
Price per Sqft $227
MLS Listing ID 202606574
Year Built 1988
Lot Size 9,962 Sqft
Acres 0.2287
Property Sub-Type Commercial
Property Description
ASU Commercial is pleased to present 901 34th Street, a fully leased single-tenant medical office investment in Downtown Bakersfield's established healthcare corridor. The 2,370 SF building sits on a 9,963 SF corner parcel and was extensively renovated in 2023, creating a modern asset with minimal near-term capital needs. The property is leased to an established regional operator with more than ten California locations, providing stable cash flow through May 31, 2031. The lease includes 2.5% annual rent increases, one five-year renewal option, and a modified gross structure that limits landlord responsibilities. Recent improvements include a new roof, HVAC, water heater, flooring, lighting, ADA upgrades, security system, and remodeled interior finishes. The property offers 15 gated parking spaces. Located at the corner of 34th Street and Panama Street, the asset is less than a quarter mile from Dignity Health Memorial Hospital and offers convenient access to Highways 99 and 178.
Location
State CA
County Kern
Area 10
Zoning M-1, City of Bakersfield
Listed by Dylan J Lym • ASU Commercial
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