Skip To Content

623 Sumner Street

Bakersfield, CA 93305
  • $2,800,000
  • STATUS: Active
  • ON SITE: 340 Days
  • ID#: 202305104
UPDATED: 98 min ago
$2,800,000
  • 0
    BEDS
  • 0.57
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 21,495
    SQFT
  • $130
    $/SQFT
Neighborhood:
10
Type:
Commercial
Built:
1902
County:
Area:
10

School Ratings & Info

Description

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.

Monthly Payment Calculator



Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2024. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Infinity Real Estate Services 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. Data last updated: 2024-05-26T19:31:51.783.
www.kerncountyhouse.com/homes/140759183
Print Image

623 Sumner Street Bakersfield, CA 93305

  • Price: $2,800,000
  • Status: Active
  • On Site: 340 Days
  • Updated: 98 min ago
  • ID#: 202305104
0
Beds
0
Baths
0
½ Baths
0.57
Acres
21,495
SQFT
$130
$/SQFT
1902
Built
Neighborhood:
10
County:
Kern
Area:
10
Property Description
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.
Property Features

Annual Gross Income 294000.00 Annual Net Income 176400.00 Cap Rate 6% Commercial Type Commercial Current Use HOTELRETAIL Total Annual Expense 117600.00 Zone C2

Listing courtesy of Amarjit Bhuee of Watson Realty: .


Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2024. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Infinity Real Estate Services 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. Data last updated: 2024-05-26T19:31:51.783.
 
https://bt-photos.global.ssl.fastly.net/bakersfield/1280_boomver_2_202305104-2.jpg https://bt-photos.global.ssl.fastly.net/bakersfield/1280_boomver_2_202305104-2.jpg https://bt-photos.global.ssl.fastly.net/bakersfield/1280_boomver_2_202305104-2.jpg
Logo
Infinity Real Estate Services
900 Truxtun Avenue Suite #230
Bakersfield CA, 93301