623 Sumner Street Bakersfield, CA ^$ 2,800,000

623 Sumner Street

^$ 2,800,000

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623 Sumner Street

Bakersfield, CA, 93305

^$ 2,800,000

Studio Baths0.0 Sq 21,495

Monthly Estimate*

^$ 18,610

623 Sumner Street, Bakersfield, CA 93305 - Image 1

623 Sumner Street, Bakersfield, CA 93305 - Image 2

623 Sumner Street, Bakersfield, CA 93305 - Image 3

623 Sumner Street, Bakersfield, CA 93305 - Image 4

623 Sumner Street, Bakersfield, CA 93305 - Image 5

623 Sumner Street, Bakersfield, CA 93305 - Image 6

623 Sumner Street, Bakersfield, CA 93305 - Image 7

623 Sumner Street, Bakersfield, CA 93305 - Image 8

623 Sumner Street, Bakersfield, CA 93305 - Image 9

623 Sumner Street, Bakersfield, CA 93305 - Image 10

Studio

Commercial Property for sale in Bakersfield, CA

for $2,800,000. This 21,495 square foot building was built in 1902 on a lot size of 0.5682.

Welcome to the Kern Town Motel! This charming 28 unit hotel with 7 storefronts is situated in the heart of Old Town Kern and is perfect for first-time hotel owner-operators or those looking for a redevelopment opportunity. Located in close proximity to several redevelopment projects in the city of Bakersfield, the Kern Town Motel is a fantastic investment opportunity. The property is also just a short drive away from iconic Bakersfield restaurants and only 5 minutes from downtown Bakersfield. Whether you're looking to start your own hospitality business or develop an exciting new project, the Kern Town Motel is the ideal location. With its prime location and endless possibilities, this property is not to be missed.

Commercial Active

Price

^$ 2,800,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Commercial

Lot Size

0.5682

Year Built

1902

Town/City

Bakersfield

County/Region

Kern

MLS | Web ID

202305104

Features

General

Year Built 1902

Neighborhood Old Town Kern

Subdivision Bakersfield

Stories 0

Property SubType Commercial

County Kern

Net Operating Income 176400.00

Property Type Commercial / Ind.

Close Price 0.00

Status Active

City Bakersfield

Zoning Description C2

MLS Area 10

Lot Size Units SqFt

Lot Size Square Feet 24749.00

Street Name Sumner

Days on Market 147

Interior

Street Suffix Street

Exterior

Lot Size Acres 0.5682

Lot Size Source (Public Record)

Internal Only

Street Number 1 623

* Excluded Features

List By

Amarjit Bhuee

Listing Agent

Watson Realty

Broker

ajbhuee@watsonrealty.com

Affordability Calculator

$18,610

Per Month

Monthly Principal & Interest: $18,610
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Bakersfield, CA

Average List Price ^$1,251,672

Percent of Sale Price 55%

About Bakersfield, CA

383,374 Population

50% Since 2002

^$58,566 Median Income

32.94 Median Age

40% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1904930 Elementary School

1905132 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/20/2023	$2,800,000		Listed Price

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623 Sumner Street, Bakersfield, CA, 93305 is a Commercial Property for sale at $2,800,000 with 21,495 sqft and a lot size of 0.5682. 623 Sumner Street is a studio with 0.0 baths and was built in 1902. The property's zip code is 93305 which is in Bakersfield, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Golden Empire MLS IDX Database. Real estate listings held by brokerage firms other than Weichert Realtors include the name of the listing broker.

The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information from Golden Empire MLS, Inc., as of 6/6/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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623 Sumner Street

Commercial Property for sale in Bakersfield, CA

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